Ackman's Pershing Takes Big Stake In Zoetis Inc [REPORT]

Activist hedge fund Bill Ackman was coy this morning on his conference call, keeping his cards on future investments close to the vest.  But he made a major move today, according to a press report.

Ackman buys 10% stake in Zoetis

Ackman’s Pershing Square Capital has taken a roughly 10 percent stake in Florham Park, N.J.-based Zoetis Inc (NYSE:ZTS), a veterinary products and animal care company, according to a report in The Wall Street Journal.

Ackman’s $2 billion stake was taken along side an investment with Sachem Head Capital Management LP, according to unnamed...