Sears Holdings Advances as Ackman Purchases Shares
Ackman, the 41-year-old president of Pershing Square Capital Management in New York, confirmed the purchase in an e- mail yesterday. He didn't say why he bought the shares. He earlier disclosed the stake at a charity event this week in Dallas.
Last year Ackman thwarted Sears Chairman Edward Lampert's efforts to take full control of Sears Canada, saying the price was too low
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