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How Pershing Square found success at Canadian Pacific

2015-02-03 18:25:13| Railroads - Topix.net

OTTAWA - In 2011, Pershing Square Capital Management, an activist hedge fund founded by William Ackman, acquired some 14.2% of Canadian Pacific Railway's outstanding shares and proceeded to require several changes in the management and governance of the company. The CP board resisted fiercely his entreaties.

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