FILE PHOTO: William 'Bill' Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid
Ackman, one of the industry’s most closely watched activist investors, wrote an email to United Technologies’ board early on Sunday morning to express his concerns about the proposed deal before it was announced, the source said. The fund manager, whose firm owned roughly 6 million shares of United Technologies at the end of the third quarter, had previously publicly supported the company in its plans to split into three high-quality businesses.
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