Content about William Ackman

November 4, 2013

In media interviews of late, Beth Newlands Campbell, the new CEO of Food Lion, has been offering reporters a frank assessment of the supermarket chain’s ho-hum, middle-of-the-road situation: “Staying the same,” she explains, “is not an option.”

By Joseph Bona, Joseph@CBX.com

In media interviews of late, Beth Newlands Campbell, the new CEO of Food Lion, has been offering reporters a frank assessment of the supermarket chain’s ho-hum, middle-of-the-road situation: “Staying the same,” she explains, “is not an option.”

August 26, 2013

Hedge fund manager and activist investor William Ackman is selling his entire stake in J.C. Penney.

New York -- Hedge fund manager and activist investor William Ackman is selling his entire stake in J.C. Penney.

Ackman's Pershing Square Capital Management, Penney’s single biggest shareholder with an approximate 18% stake, is offering its roughly 39.1 million shares for sale and used Citigroup as the bookrunner for the deal, Reuters reported. Penney filed a prospectus for the sale.

December 27, 2012

Some are merchants, with long careers in brick-and-mortar stores. Others are tech trailblazers, using new media to match merchandise and buyers. Others are influencing retail in less direct, but no less significant, ways. All share an ability to create new opportunities and, in their own way, are looking to reinvent the shopping experience. And all wield a great deal of influence in today’s complex retail landscape.

May 30, 2012

William Ackman, founder and CEO of Pershing Square Capital Management, said that J.C. Penney Co. should start to see “real progress” in early 2013.

New York -- William Ackman, founder and CEO of Pershing Square Capital Management, said that J.C. Penney Co. should start to see “real progress” in early 2013. Ackman made his comments in an interview Tuesday on CNBC’s “Squawk Box.” Pershing Square owns about 18% of J.C. Penney.

May 30, 2012

William Ackman, founder and CEO of Pershing Square Capital Management, said that J.C. Penney Co. should start to see “real progress” in early 2013.

New York -- William Ackman, founder and CEO of Pershing Square Capital Management, said that J.C. Penney Co. should start to see “real progress” in early 2013. Ackman made his comments in an interview Tuesday on CNBC’s “Squawk Box.” Pershing Square owns about 18% of J.C. Penney.

June 17, 2011

A Thursday report in the New York Times said that activist investor William A. Ackman is pondering whether or not to raise capital for a new fund through an initial public offering.

New York City -- A Thursday report in the New York Times said that activist investor William A. Ackman is pondering whether or not to raise capital for a new fund through an initial public offering.

Citing people familiar with the matter, the Times said that the head of Pershing Square Capital Management is planning to raise billions of dollars for a closed-end fund that would be listed on an exchange, but that the firm itself would not go public.

June 9, 2011

Activist investor William Ackman on Thursday disclosed ownership of an 8.9% stake in Family Dollar, according to a regulatory filing.

Matthews, N.C. -- Activist investor William Ackman on Thursday disclosed ownership of an 8.9% stake in Family Dollar, according to a regulatory filing.

The investment makes Ackman and his Pershing Square Capital Management investment fund the largest owner of Family Dollar stock, increasing his holdings from 4.7% to the nearly 9%.
 

June 9, 2011

Activist investor William Ackman on Thursday disclosed ownership of an 8.9% stake in Family Dollar, according to a regulatory filing.

Matthews, N.C. -- Activist investor William Ackman on Thursday disclosed ownership of an 8.9% stake in Family Dollar, according to a regulatory filing.

The investment makes Ackman and his Pershing Square Capital Management investment fund the largest owner of Family Dollar stock, increasing his holdings from 4.7% to the nearly 9%.
 

May 26, 2011

Bill Ackman, the founder of Pershing Square Capital Management, has taken a “passive” stake in Family Dollar Stores, Bloomberg reported.

New York — Bill Ackman, the founder of Pershing Square Capital Management, has taken a “passive” stake in Family Dollar Stores, Bloomberg reported.  Ackman, speaking at the Ira Sohn Conference in New York, said he invested in Family Dollar Stores  because it’s “very reasonably priced” and may be acquired.

“It’s a good business, it’s done very well for a long time,” he said, according to the report. “It’s an attractive LBO transaction.” 

May 18, 2011

Target Corp. on Wednesday reported that its net income in the first quarter rise 2.7% to $689 million, up from $671 million in the year-ago period. Its results, which beat Street expectations, were boosted by its credit-card business as sales came in weaker than expected.

Minneapolis -- Target Corp. on Wednesday reported that its net income in the first quarter rise 2.7% to $689 million, up from $671 million in the year-ago period. Its results, which beat Street expectations, were boosted by its credit-card business as sales came in weaker than expected.

Total revenue in the quarter, ended April 30, rose 2.2% to $15.9 billion.

Same-store sales rose 2%. Analysts expected revenue of $16.02 billion.

February 9, 2011

J. C. Penney Co. announced Wednesday that its board of directors has elected William A. Ackman, founder and CEO of Pershing Square Capital Management, and Steven Roth, chairman of the board of Vornado Realty Trust, as directors.

Plano, Texas -- J. C. Penney Co. announced Wednesday that its board of directors has elected William A. Ackman, founder and CEO of Pershing Square Capital Management, and Steven Roth, chairman of the board of Vornado Realty Trust, as directors.

The appointments had been previously announced on Jan. 24. 
 

January 24, 2011

J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough.

Dallas -- J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough. The retailer named William Ackman to its board after the activist investor became its biggest shareholder

January 24, 2011

J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough.

Dallas -- J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough. The retailer named William Ackman to its board after the activist investor became its biggest shareholder

December 17, 2010

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire.

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire. Some came up through the ranks, earning the trust and admiration of those around them with each passing year. And still others came in later — hired guns — bringing with them an expertise and skill set that sets them apart. All are alike in their ability to create new opportunities and take their businesses to the next level — no easy feat in today’s marketplace.

December 6, 2010

Activist investor Bill Ackman’s Pershing Square Capital Management raised its stake in Borders Group from 31.5% to 37.3% ...

New York City -- Activist investor Bill Ackman’s Pershing Square Capital Management raised its stake in Borders Group from 31.5% to 37.3% and is prepared to finance an offer by Borders to buy larger rival Barnes & Noble, according to a filing with the Securities and Exchange Commission Monday.

According to the statement, Ackman is prepared to finance an offer by Borders to buy all of Barnes & Noble’s stock in an all-cash transaction valued at $16 per share, which would amount to about $960 million, based on the shares outstanding.

October 18, 2010

J.C. Penney adopted a shareholder rights plan

Plano, Texas -- J.C. Penney said Monday that it has adopted a shareholder rights plan, or so-called poison pill, in light of "recent rapid accumulations of a significant percentage of the company's outstanding common stock." The plan has a term of one year. The rights have a 10% trigger.

The news follows the announcement that activist investor Bill Ackman's Pershing Square Capital Management and real estate firm Vornado Realty Trust recently disclosed a 16.5% and 9.9% stake each in the retailer.

October 17, 2010

J.C. Penney said Monday that it has adopted a shareholder rights plan, or so-called poison...

October 7, 2010

Pershing Square Capital Management LP, the New York hedge-fund firm led by activist investor William...

October 7, 2010

Pershing Square Capital Management LP, the New York hedge-fund firm led by activist investor William...

May 20, 2010

Borders Group said on Friday that a company controlled by financier Bennett LeBow has taken...

March 28, 2010

Borders Group Inc., faces a deadline Thursday to repay a $42.5 million loan from its...

March 8, 2010

General Growth Properties has received proposals to obtain an additional $3.9 billion from two separate...

November 23, 2008

Pershing Square Capital Management said Monday it will hold off on discussions with the discount...

November 20, 2008

Target Corp. said Friday it will not implement a major shareholder's proposal to create a...

November 20, 2008

Target Corp. said Friday it will not implement a major shareholder's proposal to create a...