Company taking on bigger role in Air Products reveals self
A company that's taking on a bigger role in Air Products has revealed itself.
Pershing Square Capital Management says it's the largest Air Products stakeholder.
The group run by hedge fund manager William Ackman owns $2.2 billion in stock -- just under 10-percent of the company.
Last week Air Products adopted a so-called "poison pill" plan that kicks in at 10-percent -- to block a potential takeover.
Air Products says Pershing Square has not contacted them but they say they welcome new investors and look forward to engaging with Pershing Square.
Copyright 2013 WFMZ. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.