Friday, 3 July 2015
Last updated 6 hours ago
Oct 31 2011 | 9:06am ET
William Ackman has turned his activist eyes to one of Canada's legendary companies.
Ackman's Pershing Square Capital Management has bought a huge cache of Canadian Pacific Railway shares. The New York-based hedge fund owns the equivalent of 12.2% of the freight company, which owns tracks running from Montréal to Vancouver, as well as several U.S. branches, in stock and options.
Pershing Square bought up its stake last month. It said in a regulatory filing that it may engage in talks with management.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…