Ackman’s Pershing Square makes new bet on Agilent Technologies

BOSTON (Reuters) – Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has made a new bet on Agilent Technologies Inc, according to a regulatory filing made on Monday.

This marks the second time Ackman’s $7 billion fund has announced a new position this year, following a purchase of Berkshire Hathaway Inc shares earlier this year.

Agilent Technologies’ stock price jumped nearly 5% in after-hours trading after Ackman’s investment was made public.

Reporting by Svea Herbst-Bayliss; editing by Jonathan Oatis

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *