Ackman Builds $1 Billion Stake in Retailer Lowe's
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Bill Ackman has taken a stake worth about $1 billion in retailer Lowe’s Cos. and is supportive of the company’s incoming Chief Executive Officer Marvin Ellison.
Ackman disclosed the stake at a mergers and acquisitions conference in New York Wednesday hosted by the law firm Kirkland & Ellis LLP, according to a person who was in attendance.