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Bill Ackman’s Pershing Square Dumps Mondelez

A three-year activist investment failed to produce a buyer for the Oreo maker.

Pershing Square CEO Bill Ackman has finally sold the last portion of his Mondelez holding, a stake that was once the largest activist position he had ever taken, valued at $5.5 billion.Although Ackman didn’t lose money on the bet, it wasn’t the huge winner he expected either. He told investors

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