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Ackman Purchases 150mm Shares of C

Written on May 27, 2010 by Ryan Freund

An interesting tidbit I heard from Michael de la Merced on his twitter page: William Ackman, who made a fortune betting that General Growth Properties (NYSE: GGP) emergence from bankruptcy would leave shareholders mostly intact, has recently purchased 150 million shares of Citigroup (NYSE: C). Mr. Ackman didn’t elaborate on his purchase, which he announced at the Ira Sohn 2010 conference, but I imagine in the next few weeks he will do just that. Stay tuned.


Written by Ryan Freund · Filed Under Investing Strategies |  

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