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Ackman Targets Stake in U.S. Firm as Pershing Square Drops

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By Lindsay Fortado, Maud van Gaal and Ruth David

October 13, 2014 at 7:31 AM UTC

Updated on

October 13, 2014 at 5:14 PM UTC

This article is for subscribers only.

Activist investor Bill Ackman said he’s preparing to buy a stake in a U.S. company, as shares in one of his funds slumped as much as 12 percent in their Dutch trading debut.

Ackman, 48, said in a speech at Euronext Amsterdam today that he’s targeting a “decent-sized stake” in a U.S. company, and will announce the investment in the next couple of months.