Tuesday, June 5, 2007

Anheuser-Busch at all-time high on Pershing story

(Reuters) - The New York Post reported that Pershing, led by founder William Ackman, has raised $2 billion for a fund that will be dedicated to targeting a shareholder activism assault on "one specific, iconic, American company."




The story cited potential investors in the fund as saying the company Ackman will target has a division that has "to have its value unlocked," a division to be sold and one division that is "is misunderstood."


Read more at Reuters.com Hot Stocks News

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