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Ackman exits CP, freeing up cash for next bet
Boston/Montreal | Reuters — Billionaire U.S. investor William Ackman has exited his hedge fund’s investment in Canadian Pacific Railway, freeing up roughly US$1.5 billion in cash to make other future investments. Pershing Square Capital Management and CP on Wednesday said the New York-based hedge fund had sold its remaining 9.8 million shares in the Canadian […] Read more

Hedge fund urges organics firm SunOpta to sell itself
Reuters — Hedge fund Tourbillon Capital Partners is urging Canadian organic food firm SunOpta Inc. to sell itself to a bigger rival, according to a letter sent to the company on Friday. Mississauga, Ont.-based SunOpta’s share price jumped 26 per cent after the US$4 billion hedge fund asked it to hire an investment bank to […] Read more
Herbalife shares drop on report of Canadian inquiry
Boston | Reuters — Herbalife shares fell as much as 3.5 per cent on Tuesday following a report that Canada’s top consumer regulator has launched a formal probe into complaints that the nutrition and weight loss company runs a pyramid scheme. The New York Post, citing unnamed sources, reported Tuesday that the Canadian Competition Bureau […] Read more
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