Economics

How Pershing Square found success at Canadian Pacific Railway

How Pershing Square found success at Canadian Pacific Railway

Unique circumstances led to a remarkable change in performance at CP In 2011, Pershing Square Capital Management, an activist hedge fund founded by William (Bill) Ackman, acquired some 14.2% of Canadian Pacific Railway’s outstanding shares and proceeded to require several changes in the management and governance of the company. The CP board resisted fiercely his entreaties.…

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