Procter & Gamble Co. is in the cross hairs of activist
investor William Ackman, a sign that hedge funds are feeling more emboldened to
demand changes in management and strategy at the nation's largest companies.
Mr. Ackman's Pershing Square Capital Management LP has
bought about $2 billion worth of P&G stock, people familiar with the matter
said. Funds like Mr. Ackman's build stakes in companies, then use their
standing as big shareholders to agitate for changes that might boost the value
of their holdings….
http://online.wsj.com/article/SB10001424052702303919504577522721131583862.html?mod=WSJ_article_forsub
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