Bill Ackman says he’s built a stake in Domino’s Pizza, owns roughly 6%

Bill Ackman has taken a stake worth almost $1 billion in Domino’s Pizza Inc., adding another big-name consumer company to his portfolio, and said his blank-check firm is nearing a separate deal to take an “iconic” brand public in the coming weeks.

Ackman’s Pershing Square Capital Management owns a little under 6% of the pizza chain’s shares, he said Wednesday at a conference. He said he bought into Domino’s when the shares dipped to roughly $330, and after selling out of Starbucks Corp. following a run-up in the coffee company’s stock.

Domino’s becomes the latest restaurant chain that Pershing Square has invested in, following stakes in such names

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