Bill Ackman’s Pershing Square Capital Management LLP won two seats on the board of Zoetis. The announcement comes just two months after the activist investor built a more than 8% stake in the animal health company. Zoetis’ poison pill Last year proved to be Pershing Square’s best year, as Pershing Square Holdings, one of the four hedge funds run by the firm, netted a 40.4% return. Among PSCM’s long positions are Zoetis, Allergan, and Air Products & Chemicals. Bill Ackman first unveiled his investment in Zoetis Inc. in November. Responding to the activist investor’s investment, the animal health company’s board of directors…
Bill Ackman Wins Two Board Seats At Zoetis
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports