IESE Insight
Canadian Pacific Railway and the Creation of Shareholder Value (B)
Fecha: 13/12/2013
Autor / es: Simon, Jan; Tatay, Santiago; Richards, William
Tipo de documento: Case
Áreas: Finance; Strategy
Departamento: Financial Management
Sector: Rail transport
Idiomas: English
Año de los hechos: 2012
Área geográfica: Canada
Referencia: F-896-E

By the end of 2011, it was communicated to Green and the financial markets that the hedge fund Pershing Square Capital Management (PSCM), led by founder and CEO Bill Ackman, had increased its share in CPR from 12’4% to 14´2%. Ackman was an "activist" hedge fund manager , known for having made big changes to the boards of the companies that he had invested in as well as having provided his shareholders with handsome returns. In light of this event, Green held a meeting with the Chairman of CPR´s Board, John Cleghorn to discuss how the situation should be handled.

 

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