1 IN. DI LETTURA
Feb 14 (Reuters) - Billionaire investor William Ackman's hedge fund Pershing Square Capital Management reported new put option positions in shares of bond insurers MBIA Inc (MBI.N) and Ambac Financial Group Inc ABK.N and divested its stake in McDonald's Corp (MCD.N).
In a filing with the U.S. Securities and Exchange Commission, Pershing Square said it has 697,700 put option positions in MBIA and 1 million put option positions in Ambac as of Dec. 31, 2007.
Pershing Square also raised its stake in retailers Borders Group Inc BGP.N, Sears Holdings Corp (SHLD.O) and Target Corp (TGT.N). (Reporting by Shivani Singh and Sayantani Ghosh in Bangalore; Editing by Jarshad Kakkrakandy; )