b***a
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Bill Ackman told investors in a letter that his Pershing Square hedge fund
sold all of its Citigroup (C) shares this week to build a stake in Procter &
Gamble (PG), he tells CNBC's Delivering Alpha audience. “We’re going to
take a hard look to see if we can add any value” to PG, Ackman says,
revealing that his fund owns $1.8B in PG stock. PG +0.5% AH. |
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