Getting your player ready...
Pershing Square Capital Management LP, the New York hedge-fund firm led by William Ackman, disclosed stakes in J.C. Penney Co. and Fortune Brands Inc. that made it the largest investor in both companies.
Pershing Square took a 16.5 percent stake in J.C. Penney and disclosed a stake in Fortune Brands Inc., maker of Moen faucets and Jim Beam bourbon.
Denver Post staff and wire reports
