Shareholder activist William Ackman has entered discussions with the senior management and board of Canadian Pacific Railway Ltd. (CP, Financial) as part of a broad review of the underperforming railway’s governance, financial health and strategic plans.
According to a document filed with the Ontario Securities Commission Thursday, Mr. Ackman’s New York hedge fund, Pershing Square Capital Management LP, is talking to a wide circle of CP officials and stakeholders, including unnamed shareholders and “other relevant parties.” The filing said these talks related to CP’s existing management, operations, assets, financial condition and strategic plans.
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According to a document filed with the Ontario Securities Commission Thursday, Mr. Ackman’s New York hedge fund, Pershing Square Capital Management LP, is talking to a wide circle of CP officials and stakeholders, including unnamed shareholders and “other relevant parties.” The filing said these talks related to CP’s existing management, operations, assets, financial condition and strategic plans.
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