By  on July 19, 2012

Investor response to William Ackman revealing his stake in Procter & Gamble Co. was rather tepid.

Shares of P&G closed up 0.15 percent to $64.92 on Thursday, following news on Wednesday that Ackman’s Pershing Square Capital Management took a $1.8 billion stake in the consumer products giant. Pershing’s interest in P&G was revealed last week when the Federal Trade Commission gave Pershing, the $10.5 billion hedge fund, clearance to take a large stake in the company.

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