Hilton: Bill Ackman's Pershing Square Capital Management (PSHZF) announces new investment in Hilton (63.82)
PSCM has acquired 10.9 million shares of Hilton, representing a 3.7% stake in the company. At its current market value, this investment represents approximately 13.9% of the Net Asset Value of Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH), and a substantially smaller percentage of the PSCM private funds' portfolios. Pershing Square intends to discuss this investment in greater detail in its third quarter letter and investor call.
PSCM has acquired 10.9 million shares of Hilton, representing a 3.7% stake in the company. At its current market value, this investment represents approximately 13.9% of the Net Asset Value of Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH), and a substantially smaller percentage of the PSCM private funds' portfolios. Pershing Square intends to discuss this investment in greater detail in its third quarter letter and investor call.