Ackman Buys More Fortune Brands

By Jonathan Chen
Benzinga Staff Writer
August 10, 2011 12:21 PM

Symbols: FO

Posted in: Long Ideas, Hedge Funds, Trading Ideas

According to Market Folly, which tracks hedge fund disclosures, Bill Ackman and Pershing Square have purchased more Fortune Brands (NYSE: FO) in recent days.

According a filing with the SEC, Pershing bought an additional 3,648,512 shares on August 5th, 8th, and 9th.

Ackman, and Pershing Square, were successful in their ability to break up Fortune Brands, having it sell off division in order to unlock shareholder value.

Shares of Fortune Brands are currently trading at $53.71, down 24 cents.

< Previous
Can Groupon Be The White Knight For Stocks?

Next >
Who's Right? Jeremy Grantham Or Ben Bernanke?

Printer-friendly version

Send to friend

We're Loving

Yahoo!'s Interim CEO Doing the Right Things

Why History Favors the Bulls

How to Deal With Workplace Stress

You Could Have Profited 14% on AOL by Using Benzinga Pro. Try It for Free Now!

Goldman Investment Shines Light on Solar Power

Benzinga's Premium Memberships

Options & Volatility Edge

Options & Volatility Edge is for those people who want to make money using cost effective options trading strategies. This product is for anyone—novices and experts. If you understand how to enter an options trade, you need Options & Volatility Edge.

Learn More >>
14 Day Free Trial!

Basic Premium
ETF Professor

The ETF Professor is truly an appropriate moniker, because the Professor spends hours everyday analyzing the charts of dozens of ETFs EVERY DAY.

Learn More >>
14 Day Free Trial!

Basic Premium
Winning Stocks

Winning Stocks tracks and analyzes attractive stocks that are poised to make great returns for the average investor. Investors receive the right information at the right time, which provides them with the possibility for great gains and the potential to beat the market.

Learn More >>
14 Day Free Trial!

Basic Premium

Real-Time Rumors

In this game, information is everything. You have to know what is happening before the Street begins trading against you utilizing the new information. We will provide you with that edge.

Learn More >>
14 Day Free Trial!

Basic Premium
Chart-Caster

From novice to pro, Chart-Caster delivers over $11,000 per month* in profitable trade setups across all time-frames from which members can evaluate, select, and replicate within their own trading accounts.

Learn More >>
14 Day Free Trial!

Basic Premium

Ackman Buys More Fortune Brands

Benzinga's Premium Memberships

More stories by Jonathan Chen

From Benzinga's Newsdesk

Benzinga's News Delivered Free

Latest from Premium

Brain Trust

Popular Channels

Tools & Features

About Benzinga

Social