The activist investor William A. Ackman has had a bruising year, but with one investment, Air Products and Chemicals, he now has something to show for his effort. Air Products, a producer of industrial gases, announced on Thursday that it would add three new directors to its board and begin a search for a new chief executive. The changes were supported by Mr. Ackman, whose firm, Pershing Square Capital Management, acquired a 9.8 percent stake in the company this year. [Dealbook]
Bill Ackman's Not Sure Everyone's Heard, But He's A Bit Bearish On Herbalife
If you haven't, it's cool, you'll hear more tomorrow, as it's a day that ends in 'y'.
Bill Ackman Has Tons Of New Damning Data Points About Herbalife, None Of Which He Can Reveal At This Time
You're just going to have to trust him when he says this thing's going down.