Ackman's Pershing Square Gets FTC Early Termination on Beam (BEAM), J.C. Penney (JCP) and P&G (PG)

Earlier, it was disclosed that Bill Ackman's Pershing Square Capital hedge fund has received early termination from the FTC on transaction involving Beam (Nasdaq: BEAM), J.C. Penney (NYSE: JCP) and Procter & Gamble (NYSE: PG).

Ackman has already disclosed stakes in all three and it is unclear what transactions are being referenced. Nonetheless, it is something to watch as Mr. Ackman is set to speak at the Ira Sohn conference on Thursday and is expected to present a new idea.

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