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>> WILLIAM ACKMAN Latest News

AUG 21, 2013 - Reuters

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Ackman acknowledges retail blunders, digs in on Herbalife

BOSTON (Reuters) - Activist investor William Ackman admitted he made mistakes in bets on retailers, including J.C. Penney where he has lost hundreds of millions of dollars, but is sticking by a wager against Herbalife, where he faces big paper losses.

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