Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Bill Ackman Raises $3 Billion Before Pershing Square’s Euronext Debut

BILL ACKMAN screen shot

Bill Ackman, manager of Pershing Square, raised $3 billion prior to Pershing Square’s debut on Amsterdam Euronext, scheduled for October 13. The fund will be priced at $25 a share, which gives Pershing Square a $6.2 billion valuation, as reported by International Business News. UBS and Deutsche Bank are underwriting the deal. The fund had $14.1 billion assets under management as of June 2014.

Bill Ackman has been tirelessly fighting in support of a  hostile takeover bid for botox-maker Allerganby Valeant. Pershing Square owns 9.7% of Allergan, which comprises 39% of its portfolio. Ackman also has a large short position in Herbalife, which he is trying to drive out of business because he thinks its business model is a ponzi scheme.

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement