Subscribe to Premium
Subscribe to Premium
Advanced Search
+

Comment / Against the odds: Ackman back at Canadian Pacific – why it matters

A12
By

He’s alive!

Legendary activist investor Bill Ackman is back in the freight industry according to several market reports, which detail how the Ackman-controlled Pershing Square Capital had by the beginning of this week acquired just under 15m shares in $71bn-market-cap Canadian Pacific (CP) for a value close to $1.2bn, making it a top 20 shareholder.

CP and Ackman have history.

He was a major shareholder in the Canadian rail firm when it sought to merge with Norfolk Southern and a chief cheerleader for ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £15.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Against the odds Antitrust Investigations Bill Ackman Canadian Pacific intra-Americas Kansas City Southern Lazaro Cardenas Merger Mania Mexico Surface Transportation Board Congestion indigestion Hapag-Lloyd Norfolk ONE Port of New York & New Jersey Port of Savannah Transatlantic US east coast port strike

    Most read news

    Back to work order sees Canadian ports reopen to a battle against backlogs

    Hapag-Lloyd reveals rotation changes to Asia-Europe CGX service

    Indian importers face freight rate hike shock out of Asia

    MSC 'to offer feeder vessel' to get stranded Canadian cargo to its destination

    Delays at Mauritius transhipment hub spark box line congestion surcharges

    US and Mexico intermodal traffic surge too much for railways to swallow?

    DSV Schenker – Herr Kuehne redux

    US 'de minimis' rises its head again as shipments hit a billion a year

    Vancouver airport closes runway after Cargojet's Amazon flight skids off tarmac

    eVTOL drone project gets closer to flights carrying air cargo

    Five key questions facing ocean container shippers under a Trump presidency

    'Retreating from globalisation can put your competitive position at risk'

    Western carriers call Russian airspace ban and Chinese advantage 'unfair'

    Hede Shipping rejigs transpac feeder service to target growing ecommerce

    European forwarders set for a bumpy ride in automotive logistics, says Ti

    Is Amazon Air Cargo flying in the right direction?