Bill Ackman's hedge fund firm Pershing Square has filed a 13G with the SEC regarding a new position in Burger King Worldwide (BKW). This position is not exactly 'new' because Ackman's Justice Holdings (JUSH) traded in the UK bought a 29% stake in Burger King and BKW recently listed on the New York Stock Exchange.
Per the filing, Pershing Square has disclosed a 12% ownership stake in BKW with 41,922,908 shares. Justice Holdings bought 29% of Burger King while the rest is owned by 3G Capital. Today we also posted up how Chase Coleman's hedge fund Tiger Global took a stake in Justice (now BKW).
To see the investment thesis on this name, head to Bill Ackman's presentation on Burger King.
Per Yahoo Finance, Burger King "operates fast food hamburger restaurants principally under the Burger
King brand worldwide. The company's restaurants primarily offer
flame-grilled hamburgers, chicken and other specialty sandwiches, french
fries, soft drinks."
For more from this hedge fund, head to Pershing Square's Q1 letter.
Monday, June 25, 2012
Bill Ackman's Pershing Square Reveals Extent of Burger King Stake
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