| Date | Title | Description |
| 12.07.2022 | Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC | Bill Ackman's Pershing Square Tontine Holdings (PSTH) raised $4 billion in 2020 to finance a merger.
The investor's SPAC plans to return the money after failing to close a deal within two years.
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Bill Ackman had high hopes for ... |
| 12.07.2022 | Bill Ackman Winds Down $4 Billion SPAC After Failing to Find Suitable Target | Two years after raising $4 billion for a special purpose acquisition company, or SPAC, Bill Ackman will return the money to investors after failing to find a target.
In a letter to Pershing Square Tontine Holdings (ticker: PSTH) investors o... |
| 30.08.2021 | Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms | 49 law firms are hitting back at lawsuits against SPACs that are seeking to have them regulated as investment companies.
The firms said the SEC has reviewed more than 1,000 SPACs and haven't deemed them subject to the Investment Company Act... |
| 30.08.2021 | Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms | Bill Ackman, founder and CEO of Pershing Square Capital Management Manuel Balce Ceneta/AP
49 law firms are hitting back at lawsuits against SPACs that are seeking to have them regulated as investment companies.
The firms said the SEC has re... |
| 26.08.2021 | Pershing Square Tontine : Releases Excerpt from Pershing Square Holdings, Ltd. Report (Form 8-K) | Pershing Square Tontine Holdings, Ltd. Releases Excerpt from Pershing Square Holdings, Ltd. Report
Pershing Square Tontine Holdings, Ltd. ('PSTH')
The market value of SPACs in general and PSTH, in particular, declined since the beginning of... |
| 20.08.2021 | Bill Ackman calls it quits on his giant SPAC days after shareholder lawsuit | More On: bill ackman
Bill Ackman’s SPAC slapped with lawsuit claiming company is illegal Bill Ackman’s SPAC drops $4B Universal Music deal Bill Ackman eyes US listing for Universal, expects to close next deal soon Vivendi shareholders back ... |
| 20.08.2021 | Bill Ackman calls it quits on his giant SPAC days after shareholder lawsuit | More On: bill ackman
Bill Ackman loses $400M after Netflix shares tank Billionaire Ackman retiring from short-selling, ‘vocal’ activist life Bill Ackman: Russian invasion means World War III ‘likely already started’ ‘It is about right and w... |
| 20.08.2021 | Bill Ackman will return his SPAC's $4 billion if his next-generation SPARC is approved. He quoted Warren Buffett to explain why. | Bill Ackman will return PSTH's $4 billion of cash to shareholders if his SPARC gets the go-ahead.
The Pershing Square chief paraphrased a Warren Buffett quote to explain his decision.
Ackman wants to focus on his new acquisition vehicle bec... |
| 20.08.2021 | Pershing Square Tontine : Letter to Shareholders from PSTH CEO Bill Ackman | Pershing Square Tontine Holdings, Ltd. Releases Letter to Shareholders
New York, August 19, 2021 //- Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter.
August 19, 2021
Dear Pershing Square ... |
| 17.08.2021 | Billionaire investor Bill Ackman’s SPAC is reportedly being sued for not operating as a blank-check firm | Bill Ackman’s SPAC is being sued for not operating as a blank-check firm, the New York Times reported.
They argued that Ackman’s SPAC has behaved more like an investment company than an operating company.
Ackman’s SPAC pushed back saying it... |
| 17.08.2021 | Billionaire investor Bill Ackman's SPAC is reportedly being sued for not operating as a blank-check firm | Bill Ackman's SPAC is being sued for not operating as a blank-check firm, the New York Times reported.
They argued that Ackman's SPAC has behaved more like an investment company than an operating company.
Ackman's SPAC pushed back saying it... |
| 19.07.2021 | Pershing Square Tontine : Letter to Shareholders from PSTH CEO Bill Ackman | Pershing Square Tontine Holdings, Ltd. Releases Letter to Shareholders
NEW YORK //- Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman today issued the following letter.
July 19, 2021
Dear PSTH Shareholder,
Yesterday, our bo... |
| 19.07.2021 | Dow plunges as much as 935 points as fears grow over spread of COVID-19 Delta variant | US stocks fell sharply to start the week as investors grow concerned about the global spike in COVID-19 cases.
The 10-year Treasury yield fell 8.2 basis points to 1.217%.
Cryptocurrencies, gold, and oil were all trading lower.
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| 19.07.2021 | Bill Ackman's PSTH scraps Universal Music deal after SEC pushback -but the billionaire investor is still buying a stake | Bill Ackman's PSTH won't buy 10% of Universal Music for about $4 billion after SEC pushback.
The billionaire investor's Pershing Square funds will purchase a stake in Universal instead.
PSTH now plans to pursue a conventional SPAC transacti... |
| 19.07.2021 | Bill Ackman’s PSTH scraps Universal Music deal after SEC pushback -but the billionaire investor is still buying a stake | Bill Ackman. Reuters/ Brian Snyder
Bill Ackman’s PSTH won’t buy 10% of Universal Music for about $US4 ($AU5) billion after SEC pushback.
The billionaire investor’s Pershing Square funds will purchase a stake in Universal instead.
PSTH now p... |
| 19.07.2021 | Dow plunges as much as 935 points as fears grow over spread of COVID-19 Delta variant | US stocks fell sharply to start the week as investors grow concerned about the global spike in COVID-19 cases.
The 10-year Treasury yield fell 8.2 basis points to 1.217%.
Cryptocurrencies, gold, and oil were all trading lower.
Sign up here ... |
| 19.07.2021 | Bill Ackman’s SPAC drops $4B Universal Music deal over SEC scrutiny | More On: bill ackman
Bill Ackman loses $400M after Netflix shares tank Billionaire Ackman retiring from short-selling, ‘vocal’ activist life Bill Ackman: Russian invasion means World War III ‘likely already started’ ‘It is about right and w... |
| 19.07.2021 | Pershing Square : Pershing Square Holdings, Ltd. Provides Update to Investors | Pershing Square Holdings, Ltd. Provides Update to Investors
London, 19 July 2021 //- 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 f... |
| 19.07.2021 | Bill Ackman’s SPAC drops $4B Universal Music deal over SEC scrutiny | More On: bill ackman
Bill Ackman calls it quits on his giant SPAC days after shareholder lawsuit Bill Ackman’s SPAC slapped with lawsuit claiming company is illegal Bill Ackman eyes US listing for Universal, expects to close next deal soon ... |
| 21.06.2021 | Hedge fund manager Bill Ackman's mega-SPAC seals $4 billion deal to buy 10% of Universal Music | Bill Ackman has agreed a deal to buy 10% of Universal Music Group for about $4 billion.
Ackman's Pershing Square Tontine Holdings will remain a public company following the transaction.
Shareholders are set to have UMG and PSTH shares plus ... |
| 04.06.2021 | US stocks rise after jobs data shows labor market strengthening after disappointing April report | US stocks rose Friday on the latest jobs data that indicate a strengthening labor market, though at a slower pace than analysts were predicting.
"The economy is still far from showing substantial progress with the labor market recovery... |
| 04.06.2021 | 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 | Bill Ackman Mike Blake/ Reuters
Bill Ackman’s SPAC is in talks to spend $4 billion for a 10% stake in Universal Music.
Pershing Square Tontine Holdings may have close to $3 billion to strike another deal.
Ackman plans to launch another vehi... |
| 04.06.2021 | 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 | Bill Ackman's SPAC is in talks to spend $4 billion for a 10% stake in Universal Music.
Pershing Square Tontine Holdings may have close to $3 billion to strike another deal.
Ackman plans to launch another vehicle armed with up to $11 billion... |
