Bill Ackman Talks About Sears (SHLD)

Bill Ackman is speaking at the Value Investing Congress, and is saying Sears Holding

was extremely offer due to the tender offer that Sears offered, at $16.25 per shares. Ackman is saying he held onto shares, and ultimately exited the investment at $30 per share, after having received an $18 dividend. He first owned shares at $17 per share.