Morning Brief: Ackman’s Pershing Square Discloses Nike Stake

January 28, 2018   Stephen Taub

The activist investor, who has lately vowed to take a lower profile, found himself in the headlines again with the disclosure of a stake in the sportswear giant.

Bill Ackman’s Pershing Square Capital Management has taken a passive stake in sneaker giant-cum-sportswear juggernaut Nike, according to Reuters, citing an investor in the firm who attended the activist firm’s Thursday evening client dinner. Apparently, the stock has already delivered …

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