UPDATE 6-Ackman takes stake in Lowe's, stock price surges
May 23, 2018 at 16:02 PM EDT
May 23 (Reuters) - Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's, boosting the U.S. home improvement retailer's stock by 10.4 percent.
