S&P Not a Fan of Ackman’s Proxy Contest Against Target
| March 26th, 2009 | ||
| The New York Times reported that Standard & Poor’s said that it’s “closely monitoring” Bill Ackman of Pershing Square’s proxy context with Target. S&P cautioned that the proxy contest was distracting management and that Ackman’s “more aggressive financial policy” could affect the company’s rating. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Pershing Square Capital Management |
Related People: Doreen Mochrie;
Related Entities: Leucadia Corporation (NYSE: LUK);
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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