Ackman Reveals That He Bought $1.8 Billion Worth Of Procter & Gamble Stock

bill ackman

Hedge fund titan Bill Ackman, the founder and CEO of Pershing Square Capital Management, was asked about his massive stake he recently snapped up in Procter & Gamble at the CNBC/Institutional Investor Delivering Alpha Conference today.

He revealed that he bought $1.8 billion worth of P&G stock.

He was also asked if he supports the company’s current CEO, Bob McDonald. 

The hedge fund manager responded that he looks forward to meeting him.  He also said he’s going to take a “hard look” at the company. 

See full conference coverage here >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at