Survey | Benzinga benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
The billionaire investor, who is known for waging high-profile boardroom battles at companies like Canadian Pacific Railway Ltd. and Automatic Data Processing Inc., said the chances of him doing the same at Dominos or anywhere else are very low.
He likes competitive advantage of Domino s delivery technology
Ackman doesn t plan boardroom battle at Ann Arbor-based pizza company
Patrick T. Fallon/Bloomberg
Domino’s was “first and best in terms of delivery technology, said investor Bill Ackman,CEO of Pershing Square Capital Management LP.
Billionaire investor Bill Ackman has taken a stake worth almost $1 billion in Domino s Pizza Inc., adding another big-name consumer company to his portfolio.
Ackman s Pershing Square Capital Management owns a little less than 6 percent of the Ann Arbor-based pizza chain s shares, he said Wednesday at a conference. He said he bought into Domino s when the shares dipped to about $330, and after selling out of Starbucks Corp. following a run-up in the coffee company s stock.