Mainland firms buy 9.9% stake in A&B

Two mainland investment firms have combined to purchase a 9.9 percent stake in Honolulu-based Alexander & Baldwin Co., according to a regulatory filing today.

New York-based Pershing Square Capital Management LP, led by activist hedge fund manager Bill Ackman, bought an 8.6 percent stake and San Francisco-based Marcato Capital Management LLC, led by Richard McGuire, acquired a 1.3 percent stake.

Mainland firms buy 9.9% stake in A&B – Hawaii News – Staradvertiser.com

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