Ackman makes $249-million on Burger King wager (54)

The Globe and Mail 2014.08.25 20:59
Kelly Bit Bloomberg News Bill Ackman's two-year bet on Burger King Worldwide Inc. is paying off as the U.S. fast-food chain soared in trading. Pershing Square Capital Management LP's 10.9-per-cent stake in Burger King increased in value today by $249-million (U.S.) to about $1.29-billion, according to data compiled by Bloomberg.
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