Hedge Fund News From HedgeCo.Net

Hedge fund sells 19 million shares of Procter & Gamble

USA Today – Hedge fund manager Bill Ackman has sold two-thirds of his stake in Cincinnati-based Procter & Gamble – cutting his share in the company that he pressured to cut costs and replace its CEO.

But in another financial move, Ackman purchased the right to buy shares in the future that could make him an even bigger P&G investor than before.

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