• New York hedge fund manager invests $1 billion to help Lowe's take on Home Depot

    25 days ago - By Biz Journals

    Bill Ackman wants to see home-improvement retailer Lowe's Cos. catch up to its rival, Home Depot.
    The New York hedge fund manager purchased a $1 billion stake in the company to make sure it happens.
    Per The Wall Street Journal, Ackman - the founder and CEO of Pershing Square Capital Management LP - revealed the position at a conference in New York on Wednesday.
    Ackman reportedly agrees with investment firm D.E. Shaw Group, which owns a 1 percent stake in Lowe's , that the...
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  • Ackman takes stake in Lowe's, stock price surges

    Ackman takes stake in Lowe's, stock price surges

    25 days ago - By Reuters

    Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , boosting the U.S. home improvement retailer's stock by 10.4 percent.
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  • Bill Ackman's hedge fund has reportedly amassed a $1 billion stake in Lowe's

    Bill Ackman's hedge fund has reportedly amassed a $1 billion stake in Lowe's

    25 days ago - By Business Insider

    Bill Ackman's Pershing Square Capital has reportedly amassed a $1 billion stake in Lowe's.
    News of the investment comes one day after Lowe's tapped Home Depot veteran Marvin Ellison to lead the chain.
    Lowe's reported first quarter earnings on Wednesday that missed Wall Street expectations for profit, revenue, and comparable sales.
    Follow Lowe's stock price in real-time here.
    Add billionaire investor Bill Ackman to those who welcome the hiring of Lowe's new CEO.
    Ackman has amassed a roughly $1 billion stake in the company through his hedge fund Pershing Square Capital, the Wall Street...
    Read more ...

     

  • Bill Ackman's hedge fund has reportedly amassed a $1 billion stake in Lowe's

    Bill Ackman's hedge fund has reportedly amassed a $1 billion stake in Lowe's

    25 days ago - By Business Insider

    Bill Ackman's Pershing Square Capital has reportedly amassed a $1 billion stake in Lowe's.
    News of the investment comes one day after Lowe's tapped Home Depot veteran Marvin Ellison to lead the chain.
    Lowe's reported first quarter earnings on Wednesday that missed Wall Street expectations for profit, revenue, and comparable sales.
    Follow Lowe's stock price in real-time here.
    Add billionaire investor Bill Ackman to those who welcome the hiring of Lowe's new CEO.
    Ackman has amassed a roughly $1 billion stake in the company through his hedge fund Pershing Square Capital, the Wall Street...
    Read more ...