Ackman Has New Stake Worth $800 Million in Unidentified Company

(Bloomberg) Bill Ackman said Wednesday his Pershing Square Capital Management has a new undisclosed position valued at about $800 million in a company he didn’t identify. “We have a new investment, which we’ll not disclose in detail,” Ackman said during a conference call Wednesday on Pershing Square’s results. “It represents about 10 percent of our portfolio and, with that, we are largely, fully invested firm wide.”

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