Tuesday: Coffee Company and Tuesday Pershing

tuesday: He made the announcement during a conference in New York on Tuesday, according to Ackman's fund, Pershing Square Capital, according to CNN. Pershing acquired 15.2 million shares of the coffee company. His hedge fund just invested about 900 million in Starbucks. Starbucks SBUX investors appreciated the vote of confidence, sending the stock up 2.5% Tuesday. The company still has room to add stores in the United States, he said. During his presentation, Ackman outlined why he thinks Starbucks is a good bet. (news.financializer.com). As reported in the news.