Bill Ackman Archives - Total Retail

May 17, 2016Ex-CEO Ron Johnson Says J.C. Penney Should Have Stuck With His Plan

August 27, 2013Ackman sells stake in JC Penney

Hedge fund manager Bill Ackman is selling all of his...

August 15, 2013Billionaire investor ups his stake in J.C. Penney

As the turmoil with hedge fund manager Bill Ackman winds down at J.C. Penney, another of the company’s investors is making headlines. This time it’s George Soros, who according to...

August 13, 2013Ackman nightmare over at J.C. Penney

J.C. Penney said activist investor Bill Ackman resigned from the company’s board and was replaced by former Federated Department Stores executive Ron Tysoe. Ackman, a high profile activist investor...

December 6, 2010Borders' Top Investor Offers to Finance Barnes & Noble Takeover

Barnes & Noble (NYSE:BKS) may have just edged a bit closer to a takeover by its largest rival Borders (NYSE:BGP). Bill Ackman, the head of Pershing Square Capital Management and Borders' largest shareholder, has offered to help finance a potential purchase of Barnes and Noble for $16 a share, or about $900 million, according to a filing with the Securities & Exchange Commission. The bid reflects a 20% premium to Barnes & Noble’s closing price on Friday. Ackman currently owns about 36.5 million Borders shares, or 37.3% of the company,

October 8, 2010Pershing Square buys up 16.5% of J.C. Penney

A Friday regulatory filing revealed that Pershing Square Capital Management, an activist hedge fund firm run by Bill Ackman, has taken a 16.5% stake of J.C. Penney Co. According to the New York Times, the move signals an intent by Ackman to shake up the retailer, as the filing came in a 13D form, which is used by activist investors to indicate an interest in effecting some sort of change. The hedge fund manager had previously invested in Borders Group and Target.