![]() “After dumping most of his position in animal health company Zoetis this spring, Pershing Square is now exiting Canadian Pacific after a five-year investment during which Ackman oversaw one of the great corporate turnarounds in recent memory. On, Bill Ackman was once more doing something he’s become accustomed to: Selling. Pershing Square Capital Management has made no new large public investments for roughly a year. “One thing the controversial activist hasn’t done? Invest. Senate to explain Valeant’s price-gouging ways. Shares of Ackman’s public investment pool, Pershing Square Holdings, have plunged 46%, and the billionaire investor was hauled in front of the U.S. “Between the collapse of Valeant Pharmaceuticals and completion of the regulatory investigation into Herbalife, the past 12 months have been the busiest and most challenging in Bill Ackman’s career. ![]() According to Antoine Gara of Forbes (“I cover the good, the bad and the ugly of finance”), Ackman needed the money: principal Bill Ackman has sold all his shares in Canadian Pacific, walking away with a cool $1.5 billion.Īckman sold off his stake in CP-9,840,890 shares, about 6.7% of the company-on Aug. RPA Sounds Off on Senate Hearing Re: Amtrak Board, STB Nominee.Transit Briefs: DART, GoTriangle, NYMTA, Metrolinx, Caltrain, VIA Rail, MBTA.CP, CN Salute Queen Elizabeth (UPDATED).Transit Briefs: BART, DART, SacRT, WMATA.Cowen Global Transportation and Sustainability Conference: Key Takeaways.Rail Traffic Registers Small Weekly, Monthly Gains.Single-Person Crews: Happy, Unhappy or Somewhere In-Between.Nominations Open for 2022 Women in Rail Awards.Baker to Congress: Be Ready to ‘Step In’ and Avert System Shutdown.Today’s Service and Labor Problems: Unlearning Intuitive Human Behavior.University of Denver Graduate Students Visit Pacific Harbor Line.Amtrak Suspending Some Service Due to Potential Freight Rail Shutdown.NCFO Reaches Tentative Agreement With NCCC.
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