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Here’s what investors can expect from Bill Ackman’s Universal Music SPAC deal

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Bill Ackman, founder and CEO of Pershing Square Capital Management.

Adam Jeffery | CNBC

Company: Pershing Square Tontine Holdings, Ltd. (PSTH)

Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York.

Stock Market Value: $4.57B ($22.86 per share)

Activist: Pershing Square Capital Management

Percentage Ownership:  n/a

Average Cost: n/a

Activist Commentary: Pershing Square has an…



Source cnbc.com

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