Tag: Pershing

Bill Ackman Photo via InsiderMonkey, Flickr (CC BY-ND 2.0)

U.S. Army Opposes Ackman Merger Plan

A possible merger plan between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. has received backing from billionaire investor Bill Ackman, however, Ackman has a new unlikely opponent. However sources at the U.S. Army claim that it could potentially harm national […]

Bill Ackman Photo via InsiderMonkey, Flickr (CC BY-ND 2.0)

Ackman Writes About Mistakes In Q2 Letter

In his most recent letter to investors Bill Ackman, founder of Pershing Square Management, put his bet on a J.C. Penney Company, Inc. (NYSE:JCP) revival firmly in the “mistake” column. The hedge fund manager owns more than 17% of the […]