S&P Not a Fan of Ackman’s Proxy Contest Against Target

March 26th, 2009
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The New York Times reported that Standard & Poor’s said that it’s “closely monitoring” Bill Ackman of Pershing Square’s proxy context with Target. S&P cautioned that the proxy contest was distracting management and that Ackman’s “more aggressive financial policy” could affect the company’s rating.
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For Detailed Investor Profiles on these Investors, click below:
Pershing Square Capital Management
Related People: Nicholas Botta; Roy J. Katzovicz; Scott Ferguson*; William 'Bill' Ackman
Related Entities: Leucadia Corporation (NYSE: LUK); Pershing Square Capital; Pershing Square IV; Pershing Square LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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