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What's with activist Ackman, ADT, Air Products—and J.C. Penney?

August 14, 2013Tess Nacelewicz

OK, there were enough rumors in early July about activist hedge-fund manager William Ackman planning to take a stake in The ADT Corp. that they caused ADT stock to temporarily skyrocket. But it turned out that Ackman instead had his sights set on industrial gas maker Air Products & Chemicals, of which he now is that company's biggest shareholder, owning 9.8 percent. But perhaps that's good a thing for ADT, given the news yesterday that Ackman's failed two-year effort to remake traditional...

ADT, Air Products & Chemicals, J.C. Penney, William Ackman