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Entries tagged "Pershing Square"Target appeals to shareholdersTarget CEO Gregg Steinhafel published a letter to shareholders appealing to them to elect the retailer's nominees to the board of directors rather than Pershing's slate. Ackman targets TargetThe vocal activist investor William Ackman of Pershing Square Capital Management LP, who is known for in-depth investor presentations detailing his short positions primarily within the bond insurance sector, is stepping out of character to focus on a long-term holding, discount retailer Target Corp. ... Ackman wants to be 'heralded' for shortingHedge fund Pershing Square Capital Management LP's outspoken manager William Ackman, who has made headlines over the past year for his short positions (namely the financial services sector), took aim at the $700 billion bailout bill and Securities and Exchange Commission's short selling ban at the 4th Annual New York Value Investing Congress on Monday. ... Pershing's Ackman won't pick on LehmanIt is a rare moment when Pershing Square Capital Management LP's vocal activist William Ackman lays off of his battered financial sector short targets, but it appears he has a soft spot in his heart for the ailing Lehman Brothers Inc. In an appearance on CNBC's "Squawk Box" on Wednesday morning, the hedge fund manager discussed Lehman, Fannie Mae, Freddie Mac and Longs Drug Stores Corp.... Borders slashes work forceStruggling bookseller Borders Group Inc. announced Tuesday it has started laying off 20% of its corporate staff, including 156 at its headquarters in Ann Arbor, Mich., and 118 people elsewhere, as it looks to slice $60 million in expenses this year and $120 million annually beginning in 2009. ... Ackman says split up, MBIA says no, then MBIA says split upAfter rebuffing Pershing Square Capital Management LP's William Ackman's proposal to split up bond insurers into municipal bond and riskier structured finance units, MBIA Inc. looks to have turned a 180 and announced its own plans to split its business on these lines. Maybe the bond insurer simply refuses to directly agree with the hedge fund manager who has realized significant gains by short-selling its shares. MBIA in an earlier response to his proposal said a split could put the credit rating of the structured finance business in jeopardy. ... Pershing's Ackman: Short-seller with charitable intentions?Why would a short-seller want to rescue his ailing target from potential collapse? Pershing Square Capital Management LP's William Ackman might want to answer this question if he wasn't otherwise preoccupied with a war of words with ailing bond insurer MBIA Inc., the very target he proposes to save. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Pershing Square." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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