David A. Grogan/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images
Bill Ackman, CEO and Portfolio Manager, Pershing Square Capital Management, at Delivering Alpha on July 15, 2015
While Ackman s SPAC isn t investing in Universal Music, his Pershing Square hedge fund is still focused on acquiring a stake.
Pershing Square Tontine Holdings isn’t going to invest in Universal Music Group, but
Bill Ackman, CEO of the Pershing Square hedge fund, hasn’t lost that loving feeling.
PSTH, a special purpose acquisition company (SPAC) launched by Pershing Square, surprised the business world on June 20 when it announced a complicated plan to buy 10% of UMG at a 35 billion euros ($41.6 billion) valuation. But on Monday (July 19), regulators’ new concerns caused PSTH to cancel its investment, leaving Ackman with a failed bid for the world’s largest music company. But a deal is still in the works.
Investors are worried about the virus again kake.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kake.com Daily Mail and Mail on Sunday newspapers.
Is time finally running out for “the bubble to end all bubbles”? Over the past year, we have seen stock prices rise to levels that are completely and utterly absurd, and many have pointed out that we are currently in the largest stock market bubble in the entire history of our nation. Of course this bubble will end the way that all of our other stock market bubbles eventually ended, and recent market activity has a lot of people wondering if the time for that is drawing near. Signs of trouble have been percolating on Wall Street for weeks, and on Monday we finally witnessed an eruption of full-blown fear. The Dow Jones Industrial Average was down 725 points, and that represented the worst day for the index since last October. But one really bad day is not a crisis, and even though many individual stocks have already plunged into bear market territory, we have a long, long way to go before people start using the word “crash”. In fact, I don’t think that anyone s
Bill Ackman s Pershing Square Spac drops plans to acquire 10% of Universal Music Group industryleadersmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industryleadersmagazine.com Daily Mail and Mail on Sunday newspapers.
Switzer Daily
20 July 2021
It’s Freedom Day in the UK where Covid restrictions are being removed
and weeks ago Europe threw its doors open to tourists, which says a big chunk
of the world is gambling that we won’t have a rerun of the Coronavirus crash of
the stock market and recession that we saw in February/March 2020.
It does seem ominous that as the Brits cheer in Freedom Day, its chief
cheerleader, PM Boris Johnson, has had to go into self-isolation and so has his
Health Minister, Sajid Javid.
And this happens as the Coronavirus infection news isn’t encouraging. “Cases