The Dollar General-Family Dollar chatter is back

Tullett Prebon researcher Sachin Shah is the centerpiece of a Bloomberg story on the likelihood of Family Dollar ending up with new owners, be they activist investors Nelson Peltz and Bill Ackman or Goodlettsville-based Dollar General. Peltz earlier this year bid $60 for Family Dollar, but since the stock popped on that offer, Dollar General has outperformed it by more than 20 points. That, says Shah, coupled with Dollar General's ability to load up some on debt, could have the local company making a $70 bid.

SEE ALSO: Might Dollar General be a Family Dollar buyer? from back in February

Sep 27, 2011 7:34 AM

Ackman jumps into Dollar General competitor

Hedge fund investor Bill Ackman says Family Dollar Stores can emulate the success — and maybe the leveraged buyout — of Goodletsville-based Dollar General and yesterday plowed a bunch of cash into shares of the retailer. Ackman's presentation to an investor conference also helped Dollar General shares.

Another local connection: Ackman's move into Family Dollar comes shortly after he bailed on his investment in Corrections Corp. of America.

May 26, 2011 9:51 AM

Ackman checks out of CCA

Pershing Square Capital Management, the hedge fun run by Bill Ackman, has sold all of the almost 8 million Corrections Corp. of America shares it held early this year. Ackman, who dove into CCA late in the summer of 2009 and held almost 10 percent of the company, looks to have made some money on his prison management bet: CCA shares (Ticker: CXW) rose quickly as he was building his stake, but have lagged the S&P 500 by 20 points since.

May 18, 2011 7:44 AM

Ackman cuts CCA stake

Famed hedge fund investor Bill Ackman in the fourth quarter sold more than 3 million shares of Corrections Corp. of America. Ackman's Pershing Square Capital Management, which bought more than 9 percent of CCA (Ticker: CXW) in the fall of 2009 and added to the stake early last year, now owns 7.2 percent of the Nashville-based prison manager. In early December, Ackman said he still found the stock "attractive."
Feb 17, 2011 7:08 AM

Inside the mind of CCA's biggest investor

This week's Bloomberg BusinessWeek includes a profile of Bill Ackman, the activist hedge fund manager who has made life interesting for a number of companies, including mortgage insurer MBIA and retailer Target, over the past decade. Ackman's Pershing Square Capital stepped big time into Corrections Corp. of America in the fall of 2009 and now owns almost 10 percent of the Nashville-based prison manager. He hasn't yet indicated that he has any specific ideas for CEO Damon Hininger and his team. But if he does, expect fireworks and some national attention.
Ackman is mobbed at investor conferences. Bloggers pore over his investor letters when they appear on the Internet. Ackman denies posting them, but he seems to relish the publicity, which distinguishes him from many others in this secretive business. What some might see as an intrusion, he regards as a useful transparency. Along those lines, Ackman seems to be styling himself as the people's hedge fund manager.
Feb 14, 2011 8:17 AM

Top investor OK with CCA

Prominent hedge fund manager Bill Ackman says his team is satisfied with its investment in Corrections Corp. of America. Ackman's Pershing Square stepped into Nashville-based CCA a little more than a year ago. Check out Ackman's full letter to investors here. You'll find another Nashville connection featuring former Comdata chief Gary Krow on page 4.
Dec 1, 2010 1:56 PM
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Ackman keeps the faith in CCA

Noted hedge fund manager Bill Ackman didn't touch his 9.9 percent stake in Corrections Corp. of America during the third quarter. The latest quarterly holdings report from Pershing Square Capital Management shows the firm still holding 10.9 million shares of the Nashville-based prison operator (Ticker: CXW).
Nov 16, 2010 8:28 AM

Activist investor Ackman plows into CCA

After proxy battle with Target board, hedge fund manager becomes prison operator's largest investor
Oct 22, 2009 2:33 PM

Morning Links: 5 October 2007

Bundle of news from Corrections Corp., Ceridian activist sets his sights on other targets, Thompson's performance in Iowa examined, BW not a fan of CBRL Group, who would win under universal health coverage, and more...
Oct 4, 2007 10:52 PM

Morning Links: 6 September 2007

Corrections Corp. is a bargain according to Motley Fool, Ceridian stockholders not voting until next week, Gordian inks new deal with Chattanooga company, and more...
Sep 5, 2007 11:54 PM