MarketWatch – Bill Ackman must be a happy man Monday, as his hedge fund’s investment in Burger King Worldwide is now worth about $163 million more than it was on Friday. Ackman’s Pershing Square Capital Management owns 38,387,865 shares of Burger King, according to FactSet, which at Friday’s closing price of $27.11 was worth $1.041 billion. With the fastfood chain’s stock rallying 16% to $31.35, after The Wall Street Journal reported that the company was in talks to buy Canada’s Tim Horton’s in a way to lower its tax bill, Pershing’s Burger King position is now worth $1.203 billion.
Bill Ackman’s hedge fund made over $160 million on Burger King’s rally
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