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Bulletin: McDonald's Corp. Ratings, Outlook Unaffected By News Of Pershing's Share Investment Plan Sep 06
Standard & Poors, September 2006
NEW YORK (Standard & Poor's) Sept. 5, 2006--Standard & Poor's Ratings Services said today its ratings and outlook on McDonald's Corp. (A/Stable/A-1) are unaffected by the company's receipt of a notice that Pershing Square Capital Management L.P. or its affiliates filed the necessary notifications under the Hart-Scott-Rodino Antitrust Improvements Act to acquire in excess of $793.8 million of McDonald's shares. The potential for Pershing to own over 5% of McDonald's shares is not a rating factor unless it can exert influence over the company. Standard & Poor's will watch the pace of Pershing's investments in McDonald's as well as any proposals it makes regarding changes in operations or financial policy....
Companies mentioned in this report are: McDonald's Corp.
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Research type: News
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