According to Market Folly, which tracks hedge fund disclosures, Bill Ackman and Pershing Square have purchased more Fortune Brands FO in recent days.
According a filing with the SEC, Pershing bought an additional 3,648,512 shares on August 5th, 8th, and 9th.
Ackman, and Pershing Square, were successful in their ability to break up Fortune Brands, having it sell off division in order to unlock shareholder value.
Shares of Fortune Brands are currently trading at $53.71, down 24 cents.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
