The board of directors at J.C. Penney hasn’t taken kindly to the share-buying overtures of one Bill Ackman, whose Pershing Square Capital disclosed a huge stake in the company earlier this month. The women’s clothing vendor is reaching for the poison pills in an effort to ward off Ackman’s advances.
According to a Read More
Add another bull to the pen! On Tuesday, real-estate maven and shareholder activist Bill Ackman told Reuters that the American economy stands to improve, now that corporations have improved their balance sheets.
One thing that stands in the way of solid growth is a lack of confidence, said Ackman, whose Pershing Square Capital Management Read More
A fun bit of speculation from Reuters Breaking Views posits a motive behind Bill Ackman’s big bet on Fortune Brands, the maker of bourbon, golf balls and bathroom fixtures: Time to separate those disparate businesses, and maybe sell them off to other firms for a healthy profit.
Pointing out that whiskey, golf equipment and Read More
So Bill Ackman’s not gonna wind up with Stuyvesant Town, even if he’ll still probably make his money back. That won’t stop him. Whatever Wily Bill wants, Wily Bill gets. If it happens to be a development site somewhere on the southeastern side of Manhattan, then so be it, Bill will find Read More
Shareholder rabble-rouser and thwarted Stuyvesant Town overlord Bill Ackman has ventured deeper into the women’s clothing business with a 16.5 percent stake in J.C. Penney. Ackman’s Pershing Square Capital Management now owns 39 million shares in the Texas-based mainstay of our nation’s suburban shopping malls. Here’s the SEC filing disclosing the stake. Read More