Pershing Square announced Monday that it has boosted its stake in retailer Target Corp. to nearly 10%.
The hedge fund group run by William Ackman said that it has raised its stake to 9.97% as of Friday from 9.6% as of July 5.
William Ackman is a major investor and hedge fund manager of Pershing Square Capital Management LP. As of July 2007 he owns a 9.6% stake in Target Corporation, valued at 5.6 billion dollars.
Pershing Square Capital Management has in the recent past acquired positions in Wendy's International Inc., McDonald's Corp. and Ceridian Corp., pressuring management of those companies to improve profits by cutting costs or selling divisions
It was either inability to analyze or pure cowardice, but the cruise missile attack on Syria had a purely political outcome that would not affect the outcome of the Syrian conflict. The US is obviously revisiting the Iraq crisis from 2003
Russia had already conducted its investigation into the use of chemical weapons in Douma and did not find either a single sign of the chemical attack or witnesses
Syrian military men handed over two unexploded cruise missiles to Russia. The missiles were found after the recent US-led missile strike on Syria