HALISTER: Ackman Seeks to Sell $800m Stake in Zoetis, NYT Reports

Ackman Seeks to Sell $800m Stake in Zoetis, NYT Reports

(Bloomberg) -- Pershing Square seeks to sell 16.85m shrs in Zoetis at $46.75-$47/shr, NYT reports, citing 2 unidentified people with direct knowledge of the deal.
  • Pershing to continue to own 25m shrs in ZTS
  • Transaction managed by BofA, Credit Suisse
  • Pershing Square, Credit Suisse declined to comment; Bank of America didn’t immediately respond to a request seeking comment: NYT
  • NOTE: Pershing Square is ZTS largest holder with 8.43% as of April 22: Bloomberg data
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ZTS US (Zoetis Inc)
PSH NA (Pershing Square Holdings Ltd/Fund)

People
William Ackman (Pershing Square Capital Management LP)

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