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Bill Ackman Cuts Stake in LSE-listed Platform Specialty Products

Bill Ackman‘s hedge fund, Pershing Square, has just disclosed it is decreasing its position in Platform Specialty Products Corp (LON:PAH). Pershing now owns over 66.4 million in voting rights of the company, which represent 64.88% of the class, down from 75.07% held earlier. The stake involves around 28.96 million shares held directly, 29.17 million voting rights owned indirectly, and more than 8.3 million voting rights in the form of warrants to exchange for ordinary shares.

Bill Ackman in crowd

Disclosure: none

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