Bill Ackman

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Jefferies Initiates Coverage on Specialty Pharmaceutical Takeover Candidates

The specialty pharmaceutical sector is exploding with news of takeovers, exchanges and possible mergers. The biggest is the possible deal between activist hedge fund manager Bill Ackman's Pershing Square, Valeant ...
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Herbalife Probes Have Been Going on for Months

Shares of Herbalife Ltd. (NYSE: HLF) plunged about 14% on Friday following a Financial Times report that the U.S. Department of Justice and the FBI have each launched criminal% investigations ...
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Federal Probes of Herbalife Started

The Financial Times reported late Friday afternoon that Herbalife Ltd. (NYSE: HLF) is being investigated by both the U.S. Department of Justice and the FBI. Neither federal agency would comment ...
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Icahn Board Victory: Three Steps Closer to Control of Herbalife

If Herbalife Ltd. (NYSE: HLF) gets its way, Carl Icahn will soon control five of the company's 13 board seats (slightly more than 38%) while owning just under 17% of ...
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Herbalife Takes Key Independent Research Analyst Downgrade

Herbalife Ltd. (NYSE: HLF) is one of the biggest battleground stocks in the market right now. With Bill Ackman short a billion dollars or so, and with activists like Carl ...
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Is Herbalife Finally Getting Seriously Worried About Ackman?

Since he made his presentation on the business practices of Herbalife Ltd. (NYSE: HLF) in China last Tuesday, Pershing Square Capital Management's William Ackman has turned up the heat even ...
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Herbalife Gets Investigative Demand Letter From FTC

In a terse press release Wednesday morning, Herbalife Ltd. (NYSE: HLF) said that it has received a Civil Investigative Demand (CID) from the Federal Trade Commission (FTC). Trading in the ...
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Are Activist Investors Starting to Overreach and Hurt Companies?

Activist investors have been present on Wall Street for years. They are the epitome of the old Wall Street adage about the golden rule: He whose has the gold, rules. ...
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Ackman Finds Senator Help Against Herbalife

Shares of nutrition company Herbalife Ltd. (NYSE: HLF) tumbled as much as 13% Thursday after Sen. Edward Markey (D-Mass.) asked the government to look into the company's business practices and ...
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Herbalife Audited Books Crushing Bill Ackman

Weight management and nutritional products company Herbalife Ltd. (NYSE: HLF) filed amended documents with the U.S. Securities and Exchange Commission (SEC) Monday following a re-audit of the company’s filings for ...
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Are Activist Hedge Fund Managers Really Running the Show on Wall Street?

The activist investor has been around forever on Wall Street. For years the portfolio managers and equity strategist at the big mutual fund companies were the ones that really could ...
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Bill Ackman Selling Out of J.C. Penney Stake Entirely

J. C. Penney Co. Inc. (NYSE: JCP) has been a real pain in the backside of activist investor Pershing Square and other value and turnaround investors. This is Bill Ackman's ...
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J.C. Penney Question Too Obvious to Ask: What Can CEO Do?

As a fight between major J.C. Penney Co. Inc. (NYSE: JCP) owner Bill Ackman and the balance of the firm's board rages, the question too obvious to ask is why ...
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Can Bill Ackman Ignite Air Products?

Pershing Square Capital Management this morning filed a report with the U.S. Securities and Exchange Commission revealing that it has purchased a 9.8% stake (about 20.55 million shares) in ...
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Herbalife Sends Bill Ackman Whining to Loserville as Carl Icahn Rejoices

Herbalife Ltd. (NYSE: HLF) is accomplishing two key things this morning after its quarterly earnings report. The first key accomplishment is that the stock hit a new 52-week high of ...
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