Hedge Fund News From HedgeCo.Net

Bill Ackman Has Taken a $900 Million Position in Starbucks

(Bloomberg) Bill Ackman, announcing a $900 million stake in Starbucks Corp. Tuesday, said he believes the coffee chain giant’s shares can more than double over the next three years. That’s because its troubles are surmountable and it has tremendous growth opportunity with its expansion plans in China, Ackman said in a presentation at a conference in New York.

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