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Ackman Sells Entire Stake in Canadian Pacific Railway

Hedge Funds
by posted 2years ago 641 views
Canadian Pacific Railway shares were lower Thursday following news that billionaire investor William Ackman exited his position in the company. Ackman's hedge fund Pershing Square sold its entire 9.84 million share stake in Canadian Pacific, which was valued at about $1.5 billion. In a statement, the company said it is not selling any common shares in the offering and will not receive any proceeds. 

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