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Bill Ackman’s Latest Battle
His Pershing Square Holdings fund is soaring, but a plan to borrow $400 million isn’t sitting well with one shareholder.
Bill Ackman’s Pershing Square Holdings has been on a tear this year, but its plan to issue new debt has irritated a small London shareholder at a time when Pershing Square is buying back shares on several European exchanges every day.On Tuesday, the fund reported a year-to-date gain of 49.6
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