Pershing Square

Reports indicate that retailer Borders Group (NYSE: BGP) is close to arranging financing that will allow the company to repay a loan which is due on April 1. Borders (BGP) had borrowed $42.5 million from its largest investor, Pershing Square Capital Management, in 2008. Pershing Square is noted...

Activist investor, Bill Ackman appeared on Fast Money tonight and made some very bullish comments about his investment in Borders Group (NYSE: BGP). Ackman said that there is the potential for him to make "multiples" on his investment in the troubled book retailer. He also said that it would be...

Activist investor, Bill Ackman just appeared on Fast Money and made some very bullish comments about Borders Group (NYSE: BGP). His fund, Pershing Square, holds a large position in Borders (BGP). In the after hours the stock has absolutely skyrocketed, moving nearly 50% higher in the last few...

Activist investor Bill Ackman's Pershing Square Capital Management has established a 2% ownership stake in Kraft Foods (NYSE: KFT). He is pushing Kraft's management to increase the cash component of its takeover bid for Cadbury PLC (NYSE: CBY). Based on yesterday's closing price, Ackman's stake is...

As we noted earlier, Pershing Square's Bill Ackman told the sold out Value Investing Congress that he purchased shares of Corrections Corporation of America (NYSE: CXW) at approximately $24.50 a share. Ackman's announcement that he bought CXW has caused other stocks in the prison sector to spike in...