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Pershing Square Holdings, Ltd. Provides Update Regarding Potential Dutch Tender Offer for PSH Shares by Affiliates of Pershing Square Capital Management | Business Wire

2018-01-18 businesswire
Further to the announcements on 3 January and 4 January 2018 (the “Potential Tender Offer Announcements”), the Board of Directors of Pershing Square Holdings, Ltd. (the "Company" or "PSH") (LN:PSH) (NA:PSH) announces that PSCM Acquisition Company LLC (“PSCMAC”) has agreed to increase the price range for its potential Dutch tender offer (the "Potential Tender Offer") for up to $300 million of the Company's public shares (the "Public Shares") from a 24% to 16% discount to net asset value ("NAV") to a revised range of a 16% to 10% discount to NAV. (5-0)

Buy Pershing Square At A 25% Discount To Net Asset Value

2018-01-12 seekingalpha
It is headed by an accomplished star manager who recently got his concentrated portfolio in trouble. (305-3)

Pershing Square Holdings, Ltd. Announces Management Fee Reduction Related to Allergan Settlement | Business Wire

2018-01-10 businesswire
On December 29, 2017, we announced that Pershing Square had entered into an agreement in principle, subject to court approval, to settle two class action lawsuits concerning the attempted acquisition of Allergan by Pershing Square and Valeant. The Pershing Square funds’ share of the settlement is $193.75 million. After considering all of the facts in consultation with counsel and based upon the parties’ work with a leading mediator over the prior 18 months, we believe it was in the best interest of the funds to enter into this settlement in order to resolve the litigation. (1-0)

William A. Ackman and Affiliates To File Tender Offer Documentation with Dutch Authority for the Financial Markets | Business Wire

2018-01-04 businesswire
Further to the joint press release dated 2 January 2018 regarding a potential tender offer by PSCM Acquisition Co LLC (“PSCMAC”) for Pershing Square Holdings, Ltd.'s (“PSH”) public shares (“Potential Tender”), PSCMAC today announces that it expects to file a draft tender offer document (“Offer Document”) for review by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, “AFM”) later today. (1-1)

Howard Hughes shares hurt as Ackman trims stake to invest in own fund

2018-01-03 channelnewsasia
Shares in Howard Hughes Corp dropped more than 3 percent on Wednesday after billionaire investor William Ackman, who chairs the real estate company's board and called it an attractive buy in May, said his firm would sell 2.5 million shares. (5-0)

Howard Hughes shares hurt as Ackman trims stake to invest in own fund

2018-01-03 reuters
BOSTON (Reuters) - Shares in Howard Hughes Corp (HHC.N) dropped more than 3 percent on Wednesday after billionaire investor William Ackman, who chairs the real estate company’s board and called it an attractive buy in May, said his firm would sell 2.5 million shares. (5-0)

Bill Ackman’s Allergan Insider-Trading Dispute Doesn’t Look Bad - Bloomberg

2018-01-03 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (233-0)

Pershing Square Holdings, Ltd. Announces Proposed Sale of Its Howard Hughes Corporation Common Stock and a USD300,000,000 Potential Tender Offer for PSH Shares by William A. Ackman and Affiliates | Business Wire

2018-01-02 businesswire
Pershing Square Holdings, Ltd. (“PSH”) (LN:PSH) (NA:PSH) today announces the proposed sale of all of PSH’s 2,067,490 shares of common stock in The Howard Hughes Corporation (“HHC”) (NYSE: HHC). PSH is pursuing this sale in order to help facilitate a potential tender offer (“Potential Tender”) for PSH’s public shares by PSCM Acquisition Co LLC, an entity owned by Mr. William A. Ackman and members of the Pershing Square Capital Management, L. (35-0)

Valeant, Ackman Settle Insider Trading Lawsuit For $290 Million

2018-01-02 seekingalpha
VRX and PSHZF settled their AGN insider trading case for $290MM. The settlement saved substantial time and resources. (234-1)

Pershing Square, Valeant to Pay $290 Million to End Insider Suit - Bloomberg

2017-12-29 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (233-1)

Are Valeant, Ackman 'The Edgar Allan Poe Of Insider Trading'?

2017-12-26 seekingalpha
VRX and PSHZF are expected to face a trial for insider trading pursuant to AGN shares. (69-0)

What’s Eating Bill Ackman? | Institutional Investor

2017-12-22 institutionalinvestor
On a pitch-black winter night in San Diego, California, Bill Ackman and several friends slipped into wet suits, boarded a van to a nearby pier, jumped into the frigid waters of the Pacific Ocean, and swam toward a distant string of lights. (82-0)

What We're Reading ~ 12/13/17 ~ market folly

2017-12-13 marketfolly
10 questions with Berkshire Hathaway's Todd Combs [FSU Alumni] Profile of RenTec's Jim Simons, the numbers king [New Yorker] The 12 signs a cheap stock is a 'value trap' [Bloomberg] How AI will invade every corner of Wall Street [Bloomberg] More moats, more profits [Morningstar] The resulting fallacy is ruining your decisions [Nautilus] A pitch on Pershing Square Holdings [WertArt Capital] A look at Europe's Amadeus IT Group SA [Bloomberg] Synchrony Financial: a spinoff better than its parent? [Value and Opportunity] Profile of Snapchat's founder Evan Spiegel [The Guardian] The force behind Bitcoin's meteoric rise: millions of Asian investors [WSJ] The battle in AI [Economist] You will no longer lease a car, you will subscribe to it [Slate] European business school rankings 2017 [FT] On 'sneakerhead' culture, Nike, and sneakers as an investment [TED] (38-0)

What’s Eating Bill Ackman? | Institutional Investor

2017-12-13 institutionalinvestor
On a pitch-black winter night in San Diego, California, Bill Ackman and several friends slipped into wet suits, boarded a van to a nearby pier, jumped into the frigid waters of the Pacific Ocean, and swam toward a distant string of lights. (82-0)

Pershing Square Holdings, Ltd. Announces Annual London Investor Meeting | Business Wire

2017-11-30 businesswire
AMSTERDAM--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (NA:PSH) will hold its annual London Investor Meeting on Monday, 29 January 2017. Event and registration details are posted on our website, www.pershingsquareholdings.com. (1-0)

CUSIP: G7016V101