Billionaire Investor Bill Ackman Reveals a $1.2 Billion Bet on Canadian Pacific Railway
Bill Ackman's Pershing Square is betting big on Canadian Pacific Railway. The investor's hedge fund owned 2.8 million shares worth about $202 million at the end of December. Pershing Square now has exposure to $1.2 billion of stock through its shares and forward contracts. Bill Ackman's Pershing Square disclosed a new stake in Canadian Pacific Railway this week, heralding the firm's return to one of its most successful bets ever...
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