You Searched For "psth deal" and got 16 results
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2 mins read
Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC
The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…
Theron Mohamed
1 min read
Bill Ackman's SPAC falls after confirming talks to acquire 10% of Universal Music in long-awaited deal
Pershing Square Tontine Holdings fell as much as 11.6% Friday after the SPAC confirmed it is in tal…
Emily Graffeo
2 mins read
Billionaire investor Bill Ackman's SPAC is reportedly being sued for not operating as a blank-check firm
"Investing in securities is all the company has ever done since its IPO," the complaint said, notin…
Isabelle Lee
1 min read
Billionaire investor Seth Klarman has nearly $900 million in SPACs - but trimmed his stake in Bill Ackman's blank-check company during the 2nd quarter
Recent filings reveal Seth Klarman's Baupost Group slashed its stake in Pershing Square Tontine Hol…
Emily Graffeo
1 min read
Bill Ackman's PSTH scraps Universal Music deal after SEC pushback -but the billionaire investor is still buying a stake
Ackman's SPAC is back to square one after regulators questioned the structure of the Universal Musi…
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman plans to spend up to $14 billion on deals - and confirms his mega SPAC is close to buying 10% of Universal Music for $4 billion
Ackman's PSTH could have almost $3 billion to pursue another transaction, and he's planning to arm …
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman trumpeted his Universal Music deal, nodded to his Reddit fans, and invited company sellers to call him in a presentation this week. Here are the 8 best quotes.
The Pershing Square chief compared Universal CEO Lucian Grainge to Steve Jobs and Walt Disney in te…
Theron Mohamed
2 mins read
Bill Ackman will return his SPAC's $4 billion if his next-generation SPARC is approved. He quoted Warren Buffett to explain why.
The billionaire investor wants to focus on his new acquisition vehicle, as a lawsuit threatens to s…
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman's SPAC is close to buying 10% of Universal Music, report says
Ackman's Pershing Square Tontine Holdings (PSTH) is reportedly nearing agreement on a deal valuing …
Theron Mohamed
1 min read
Hedge fund manager Bill Ackman's mega-SPAC seals $4 billion deal to buy 10% of Universal Music
The billionaire investor is already working on another multibillion-dollar deal and has drafted pla…
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman might land his $4 billion Universal Music deal thanks to his song-writing grandfather
The Pershing Square chief told Universal executives about his grandfather's hit song in 1926. They …
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman hopes to close his mega SPAC deal within weeks - and called his target an 'iconic' business
Ackman's Pershing Square Tontine Holdings has been working to buy a piece of the chosen company sin…
Theron Mohamed
3 mins read
Billionaire investor Bill Ackman laments his nixed SPAC deal, sounds the inflation alarm, and predicts a massive economic boom in a new interview. Here are the 12 best quotes
The Pershing Square chief also forecasted higher interest rates and seemed optimistic that he could…
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman is eyeing a second SPAC deal even though he will miss his own Q1 timeline to find a first target
Ackman hoped his blank-check firm would find an acquisition target by the end of the first quarter,…
Shalini Nagarajan
2 mins read
Bill Ackman's SPAC has just 6 weeks to find a target — or he'll have to return $4 billion to investors
"Bill and Pershing face an uphill battle — selling SPACs to investors is now virtually impossible,"…
George Glover
2 mins read
Bill Ackman's blank-check acquisition company to begin trading on Wednesday after raising up to $4 billion
Ackman hasn't revealed which companies he's aiming to buy, though he previously said he's looking f…