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Tag: William Ackman

This Blog's on Fire (And Other Stuff)

What's with activist Ackman, ADT, Air Products—and J.C. Penney?

August 14, 2013Tess Nacelewicz

OK, there were enough rumors in early July about activist hedge-fund manager William Ackman planning to take a stake in The ADT Corp. that they caused ADT stock to temporarily skyrocket. But it turned out that Ackman instead had his sights set on industrial gas maker Air Products & Chemicals, of which he now is that company's biggest shareholder, owning 9.8 percent. But perhaps that's good a thing for ADT, given the news yesterday that Ackman's failed two-year effort to remake traditional department...

Air Products & Chemicals, J.C. Penney, The ADT Corp., William Ackman

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This Blog's on Fire (And Other Stuff)

More on activist investor Ackman and ADT

July 17, 2013Tess Nacelewicz

There was additional speculation this week about whether activist hedge-fund manager William Ackman is intending to take a stake in The ADT Corp. An article in The New York Times said that his investing in the home security/home automation giant is more likely than his buying into FedEx, another company he is rumored to be considering. The article said that's basically because Ackman would have less say in FedEx, a much larger company than ADT, where he could wield greater influence. There's a possibility...

FedEx, monitronics, Nicholas Heymann, Security Networks, The ADT Corp., William Ackman, William Blair & Company

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On The Editor's Desk

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...

activist shareholder, ADT, Nick Heymann, Pershing Square Capital Management, William Ackman, William Blair

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