Ackman Shaking Up McD’s?

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).

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

JLL: Holiday Spending To Rise Nearly 10%, But Shoppers Aren't Splurging On Gifts

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals

$3B Foundry Park Project Breaks Ground: The Chicago Deal Sheet