Ackman’s Pershing Square Sells Another Chunk Of Beam Shares

Bill Ackman’s Pershing Square disclosed in an amended 13D filing yesterday that it had sold 1.85 million shares of BEAM Inc (NYSE:BEAM) at an average price of $83.27 per share,  aggregating $154.06M.

According to the filing, Ackman and the other reporting entities now beneficially hold 11,668,545 shares in BEAM Inc (NYSE:BEAM), representing a stake of 7.1%.

This is down from a holding of 13,518,545 shares, an 8.3% stake, disclosed on January 31, 2014, after the sale of 7.3 million shares.

Ackman selling the news, booking profits

Shares of BEAM Inc (NYSE:BEAM) took off last month after Japanese drinks maker Suntory...