It’s been a wild ride for Platform Specialty Products and Bill Ackman.
When the firm listed on the New York Stock Exchange on January 24, 2014, trading at $14.40 per share, its stock price rocketed to $21.69 in a little over one month. The global producer of high-technology specialty chemicals, with large agricultural and global currency exposure, would move to $27.24 by the end of May, 2014 as it embarked on a series of acquisitions. But then beginning on June 5, 2015, a new trend would emerge, one that sent the stock on a downward spiral as fundamental factors driving earnings faced headwinds. The stock was then trading above $29 per share, a point at which hedge fund manager Bill Ackman...
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