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Ackman Shaking Up McD’s?
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Activist investor Bill Ackman hasn’t had a big stake in McDonald’s stock since ’07, but rumors of a second run and a REIT spinoff made the stock jump as much as 2.6% (to $90.75/share) in Tuesday trading, InvestorPlace reports. While REITs have their tax perks, it may not be the right Band-Aid for the global company’s flagging sales. When we heard from Bill last year, he was urging GGP to sell to Simon (read our coverage here).
