Bill Ackman's Pershing Square buys stake in Hilton

Bill Ackman's Pershing Square buys stake in Hilton

Activist investor William Ackman's Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday.

FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speak
FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid/File Photo

REUTERS: Activist investor William Ackman's Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday.

The fund said the 10.9 million Hilton shares represented about 13.9 percent of the net asset value of Pershing Square Holdings Ltd.

(Reporting by Bhargav Acharya in Bengaluru; editing by Patrick Graham)

Source: Reuters

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