Private equity's quiet takeover of US short-line railroads
Let’s delve into this classic rollup thesis
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 ...
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