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On The Editor's Desk

Activist Ackman eyeing ADT?

July 10, 2013Martha Entwistle

Is the activist hedge fund chief William Ackman planning to buy a significant stake in ADT? There's been some speculations that that's the case, and as a result ADT's stock price was way up yesterday. It rose 5.2 percent, its largest gain in months. Ackman runs $12 billion Pershing Square Capital Management. According to a Bloomberg report, Ackman is raising money over the next 10 days to buy a stake in an unnamed “large-capitalization, investment-grade U.S. corporation that principally operates...

ADT, Nick Heymann, Pershing Square Capital Management, William Ackman, William Blair

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