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Activist Investor Ackman Buys Into Procter & Gamble Co-Reuters
Reuters reported that activist investor William Ackman looks ready to take on management at yet another major company as he builds a stake in Procter & Gamble Co. Ackman's $10 billion Pershing Square Capital Management has been buying shares in P&G for the last few weeks and may want to increase its stake further. Pershing Square received antitrust clearance from the Federal Trade Commission to purchase the shares according to a public notice. The size of stake has not been disclosed and may not become public until Pershing lodges a quarterly filing with the Securities and Exchange Commission.
Latest Developments for Procter & Gamble Co
- Procter & Gamble Co Reaffirms FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance; Comments On Q4 2013 Revenue Guidance; Issues Q4 2013 EPS Guidance Below Analysts' Estimates
- Procter & Gamble Co Lowers Q3, FY 2013 EPS Guidance
- Procter & Gamble Co Announces Increase In Share Repurchase
- Procter & Gamble Co Raises FY 2013 Guidance; Issues Q3 2013 EPS Guidance In Line With Analysts' Estimates; Comments On Q3 2013 Revenue Guidance
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