Ackman’s Pershing Square Sells Position in Canadian Pacific

Updated on
  • Investor says proceeds will be used to fund new purchases
  • Move comes after transformation of Canadian railway firm

Why Is Bill Ackman Selling His Stake in Canadian Pacific?

Bill Ackman’s Pershing Square Capital Management LP is unloading its entire stake in Canadian Pacific Railway Ltd., almost five years after sparking a turnaround at the company and becoming its biggest shareholder.

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