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Ackman’s Pershing boosts Canadian Pacific stake

(Source: Bloomberg News, February 15, 2012)

NEW YORK — Pershing Square Capital Management LP, the hedge fund run by William Ackman, boosted its stake in Canadian Pacific Railway Ltd. (CP) to about 14 percent of the company’s stock and cut its holding in Kraft Foods Inc.

The fund reported holding about 24.2 million Canadian Pacific shares valued at $1.63 billion as of Dec. 31, up from about 4.04 million shares as of Sept. 30, according to a filing today with the U.S. Securities and Exchange Commission.

Full story: Bloomberg News

Wednesday, February 15, 2012

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