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Who Is Bill Ackman, UMG s New Anchor Investor?

Bill Ackman s SPAC Deal Remains Elusive | Institutional Investor

Sponsored A deal for Bill Ackman’s special-purpose acquisition company, Pershing Square Tontine Holdings, doesn’t appear to be imminent and investors are gloomy.  The announcement of an acquisition with a target Ackman has been chasing since November could still be “weeks” away, he told investors in his publicly traded hedge fund Pershing Square Holdings on Tuesday. Or else it might not ever happen. “There’s no change here in that we started working on a transaction in early November, have done our homework, we like the business and love the management team,” he said on a quarterly call with investors in the hedge fund.

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