Bill Ackman

  • 15 Sep 2014 at 3:13 PM

Break Yourself Off A Piece Of Bill Ackman Today

Hedge-fund manager William Ackman aims to raise $2 billion through the initial public offering of one of his funds on Euronext Amsterdam in a move that will provide it with steady capital. Pershing Square Holdings Ltd. said Monday that it plans to float on the Amsterdam stock exchange for $25 a share, giving it a market capitalization of at least $5 billion…The IPO comes as activist investors are embarking on a drive to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. Mr. Ackman hopes that the IPO will provide him with more permanent capital. [WSJ]

Bill Ackman Can Start Writing His Victory Speech (Maybe)

While he’s in a chatty mood vis-à-vis Allergan, the Pershing Square chief might want to tap that flow, since someone who has covered the Botox-maker for a whole year thinks he’s got this thing in the bag. More or less. Read more »

Come people: wake up! Read more »

Wait! Bill Ackman Has Something Else To Say!

Between suing the government for taking all of the profits from two companies that it began taking all of the profits from more than a year before he bought 10% of each of them, and Friday morning, the Pershing Square Capital Management chief had another brilliant idea, and decided to sue the government again. Read more »

The last two years were just a warm-up. Read more »

  • 05 Aug 2014 at 12:00 PM

Andrew Ross Sorkin Smells Something Fishy

Late last week, Botox-maker Allergan Inc sued Valeant Pharmaceuticals and Pershing Square, alleging the latter two had engaged in insider trading when Pershing bought $1 billion worth of Allergan shares ahead of a takeover offer by the hedge fund and Valeant. On the suggestion of wrongdoing, Valeant called with charges “baseless,” while Ackman stated in a press release that “This is a shameless attempt by Allergan to delay the shareholders’ fundamental right to call a special meeting and vote their shares. Allergan is threatened by our progress toward calling the special meeting. This scorched-earth approach is further evidence of the board’s and management’s further entrenchment.”

Not entirely convinced? Dealbook‘s Andrew Ross Sorkin, who in his column today says WAIT JUST A SECOND, PEOPLE. Read more »

The short response: go fuck yourself. The slightly longer one: Read more »