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Pershing Square Holdings, Ltd. Provides Update to Investors


Pershing Square Holdings, Ltd. Provides Update to Investors
Regulatory News:
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today noted that Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman issued the following letter.
July 19, 2021
Dear PSTH Shareholder,
Yesterday, our board of directors unanimously determined not to proceed with the Universal Music Group transaction, and to assign our share purchase agreement to Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) and affiliates ( PSH and affiliates or Pershing Square ). Pershing Square has also agreed to assume the Vivendi indemnity agreement and our UMG transaction costs.
In light of these developments, PSTH is withdrawing its Redemption Tender Offer and related Warrant Exchange Offer. ....

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