Bill Ackman Takes $2.2 Billion Stake In Air Products (APD)
July 31, 2013 at 07:46 AM EDT
Wednesday morning, CNBC broke the news that activist investor Bill Ackman has taken a 9.8 percent stake in Air Products & Chemicals (NYSE: APD ). The stock is up four percent in pre-market trading. Ackman’s Pershing Square Capital, best known for its recent battle with billionaire Carl Icahn over Herbalife