Bill Ackman will close SPAC and give investors $4 billion
William Ackman’s Pershing Square Tontine raised $4 billion. Failed to find a suitable target company to take public. U.S. Securities and Exchange Commission objected to the planning. To take a stake in Universal Music Group, which was being spun off by Vivendi. Bill Ackman, who had raised the greatest ever specific reason securing organization (SPAC), … Read more
