Bill Ackman's Pershing Square Acquires Sizable Position In Platform Specialty Products Corp.


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On Tuesday after the market closed, Bill Ackman’s Pershing Square filed a SC13D that outlined the company’s recently acquired position in Platform Specialty Products Corporation (NYSE: PAH).

The filing outlines that Ackman accumulated a 26.1 percent stake in the company; equivalent to 42,737,394 shares.

Item 4 in the filing outlines the purpose for the transaction, “The Reporting Persons believe that the Issuer’s Common Stock is undervalued and is an attractive investment.”

Shares of PAH are up 1.7 percent after hours Tuesday.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Top StoriesPershing SquareWilliam Ackman