BUZZ-Canadian Pacific Railway: William Ackman offloads - sources
** Activist investor William Ackman continues to scale back as his hedge fund sells portion of its stake in Canadian Pacific Railway, fund's second biggest public holding
** Market sources say Credit Suisse reoffered 4.1 mln of the U.S.-listed shares at $149.00 vs Thursday's $150.16 close; Pershing Square Capital Management cited as sole seller
** HF cuts stake to about 6.4 pct from 9.1 pct; had owned 13.9 mln shares as of end-of-Feb
** On Apr 11, Canadian Pacific scrapped its efforts to buy Norfolk Southern, a deal Ackman had pushed hard for late last year
** Selldown comes a month after Ackman's fund divested part of its stake in Mondelez International, as the billionaire investor adjusted his battered portfolio following Valeant's plunge
** Canadian Pacific's U.S.-listed shares currently off 0.85 pct. Stock still up 18 pct YTD (RM: email@example.com)
© Thomson Reuters 2017 All rights reserved.