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Howard Hughes Insider Makes $13.81 Million Stock Purchase
Wednesday, September 8, 2021 - 5:46pm | 395William Ackman, Director at Howard Hughes (NYSE:HHC), made a large insider buy on September 3, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Ackman purchased 150,156 shares of Howard Hughes at a price of $92.0...
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Notable Chipotle Mexican Grill Insider Makes $78.71 Million Buy
Wednesday, September 8, 2021 - 4:59pm | 388William Ackman, Director at Chipotle Mexican Grill (NYSE:CMG), made a large insider buy on September 7, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Ackman purchased 41,208 shares of Chipotle Mexican Grill at a...
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Airbnb Plans $3B IPO In December: Reuters
Monday, October 5, 2020 - 12:00am | 335Airbnb Inc, the online platform for vacation rental bookings, is planning to undergo an initial public offering in December, according to Reuters. What Happened: Airbnb submitted the IPO documents confidentially with the U.S. Securities and Exchange Commission in August and plans to make the...
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Activist Heavyweights Form Lobbying Group
Thursday, May 19, 2016 - 9:55am | 399Major activist hedge funds have formed a lobbying group called Council for Investor Rights and Corporate Accountability (CIRCA) to promote shareholder activism across the country. The announcement comes as presidential candidates Hillary Clinton and Bernie Sanders have been voicing against activist...
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Bill Ackman's Pershing Square Takes 5% Stake In Valeant Pharmaceuticals
Monday, March 9, 2015 - 3:02pm | 215Bill Ackman, founder and CEO of hedge fund Pershing Square Capital Management, acquired a $3.3 billion stake in Valeant Pharmaceuticals Intl Inc (NYSE: VRX), a source familiar with the matter told Reuters on Monday. With this stake, the fund holds about 5 percent of the company's shares...
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Herbalife Director Linked To Money Laundering Scheme
Friday, November 14, 2014 - 10:29am | 281Reuters reported on Thursday that Herbalife Ltd. (NYSE: HLF) board member Pedro Cardoso had been charged with money laundering by Brazilian prosecutors in 2008 “for allegedly participating in an embezzlement scheme a decade earlier that siphoned 26.7 million Brazilian reais ($10.4...
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6 Takeaways From Ackman's Letter To Allergan's Board of Directors
Friday, November 7, 2014 - 11:39am | 275William A. Ackman, activist investor and CEO of Pershing Square Capital Management, released a letter earlier Friday advising the board of directors of Allergan on how best to maximize shareholder value and optimal strategies when considering the merger. Some Key Takeaways: 1. Now that the...
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Will Actavis Win Competition For Allergan's Affection?
Thursday, October 16, 2014 - 11:10am | 839Four pharmaceutical companies have been flirting with merger deals. Discussing the confusing courting, Barron’s called them the Bob & Carol & Ted & Alice of pharmaceuticals, referencing the sexy 1969 comedy-drama with the tag line “Consider the Possibilities.” In...
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Ackman's Pershing Square Could Raise Allergan Takeover Bid, WSJ Reports
Tuesday, October 7, 2014 - 6:08pm | 205Shares of Allergan Inc. (NYSE: AGN) and Valeant Pharmaceuticals Intl Inc. (NYSE: VRX) are on the move Tuesday after hours following a report from the Wall Street Journal: Valeant, Pershing Square plan to boost Allergan bid by $15 a share to about $191/share http://t.co/QFRygASm5j @lizrhoffman...
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Bill Ackman's Pershing Square Could Engage Platform Specialty Products Corp. Management
Tuesday, October 7, 2014 - 6:02pm | 123On Tuesday after the market closed, Bill Ackman’s Pershing Square filed a 13D that outlined some updates to the fund's position on Platform Specialty Products Corporation (NYSE: PAH). The filing outlines that Ackman accumulated a 26.1 percent stake in the company; equivalent to 42,737,394...
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Barron's Recap: The Penta Quarterly
Sunday, May 18, 2014 - 5:41pm | 800This weekend in Barron's online: the Penta Quarterly and a profile of Barry Rosenstein, as well as the prospects for Avon Products, TD Ameritrade, Pitney Bowes and more. Cover Story "Jana Partners' Rosenstein" by Lawrence C. Strauss. How Barry Rosenstein rose from an Asher Edelman underling to...
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Guru ETFs Reveal Hedge Fund Strategies
Tuesday, May 6, 2014 - 3:52pm | 520The Ira Sohn Conference taking place this week in New York is an annual gathering of premiere hedge fund managers that raises money for cancer research. The all-star list of big-league investors includes David Einhorn, William Ackman, Jeffrey Gundlach and several other notable names. Each...
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Icahn And Ackman Kiss And Make Up
Tuesday, April 29, 2014 - 1:39pm | 731Who would have guessed all it would take was a phone call? Following a 30-minute phone conversation last week, one of Wall Street’s longest running feuds between activist investors Carl Icahn and William Ackman ended according to The Wall Street Journal. Ackman told Icahn’s assistant on April...
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J.C. Penney Board Responds Quickly To Bill Ackman (JCP)
Friday, August 9, 2013 - 11:08am | 576The war of words was rekindled Thursday between activist investor, William Ackman, and the J.C. Penney (NYSE: JCP) board of directors, with the board returning fire after Ackman made public a letter in which he urged the board to act quickly to replace interim CEO Myron “Mike” Ullman. In a...
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Blackstone, Callaway May Bid For Fortune Golf Unit
Friday, April 29, 2011 - 5:03am | 338Private equity firm Blackstone (NYSE: BX) and Callaway Golf (NYSE: ELY), the maker of the Big Bertha driver, are reportedly mulling a partnership to bid for Fortune Brands' (NYSE: FO) golf business. A deal could be worth up to $1 billion, Reuters reported, citing sources close to the matter....