Against the odds: Ackman back at Canadian Pacific – why it matters
March 11, 2022 by Choice Aviation Services0Air Cargo
He’s alive!
Legendary activist investor Bill Ackman is back in the freight industry according to several market reports, which detail how the Ackman-controlled Pershing Square Capital had by the beginning of this week acquired just under 15m shares in $71bn-market-cap Canadian Pacific (CP) for a value close to $1.2bn, making it a top 20 shareholder.
CP and Ackman have history.
He was a major shareholder in the Canadian rail firm when it sought …
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