The Morning Brief: Ackman Sells 25 Percent of Stake in Burger King Parent

July 13, 2017   Stephen Taub

The activist hedge fund pared its share of Restaurant Brands International.

Shares of Restaurant Brands International fell about 2.85 percent to close at $77.72 after reports that Bill Ackman’s Pershing Square Capital Management sold 10 million shares for $61 a share, reducing its stake by nearly one-quarter. The company owns the …

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