Sunday, 30 August 2015
Last updated 1 day ago
Jan 18 2008 | 8:41am ET
Pershing Square Capital Management owns almost a fifth of bookseller Borders Group. And now, it has a seat on its board.
Ann Arbor, Mich.-based Borders named Richard McGuire, a Pershing Square partner, to its board of directors yesterday.
New York-based Pershing Square, run by William Ackman, owns 18% of Borders, although it has a 24% economic exposure to the company. It manages about $6 billion in assets, and has owned stakes in (and pushed for change at) such companies as McDonald’s Corp. and Target Corp.
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…