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Ackman interested in SHLD’s Home Services business
Submitted by admin on Wed, 06/11/2008 - 10:18
From the article:”Sears Holdings‘ annual meeting apparently turned into a battle of the hedge fund managers as William Ackman took Sears chairman Edward Lampert to task over the retailer’s performance.
“You’re the reason we’re here,” Mr. Ackman, the head of hedge fund Pershing Square Management told Mr. Lampert. “We think Sears is undervalued. Your disclosure is not as forthcoming as it should be.”
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