Tag: activist shareholder
Activist Ackman eyeing ADT?
July 10, 2013Martha Entwistle
Is the activist hedge fund chief William Ackman planning to buy a significant stake in ADT? There's been some speculations that that's the case, and as a result ADT's stock price was way up yesterday. It rose 5.2 percent, its largest gain in months.
Ackman runs $12 billion Pershing Square Capital Management. According to a Bloomberg report, Ackman is raising money over the next 10 days to buy a stake in an unnamed “large-capitalization, investment-grade U.S. corporation that principally operates...