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Deals Rumor Mill: Ackman, HNA Group, Trian Partners

By Adam Rhodes (October 9, 2018, 7:06 PM EDT) -- William Ackman on Tuesday revealed that Pershing Square Capital Management, his activist hedge fund, has amassed a nearly 1.1 percent stake in Starbucks Corp., according to a Tuesday report from the Wall Street Journal. The report, which cites comments made by Ackman during a Grant's Interest Rate Observer conference, details that the stake is worth nearly $900 million. According to the report, Ackman said he believes that a same-store sales downturn has caused a slump in the Seattle-based coffee chain's share price....

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