Pershing Square Tontine Holdings

Pershing Square Tontine Holdings Ltd. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on May 4, 2020 and is headquartered in New York, NY. Redemption Price: 20. Warrant Coverage: 1/9.

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Pershing Square Tontine Holdings is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with a private company.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase, the SPAC looks for a target company to merge with.

CURRENT PHASE

The SPAC announces which company it will be acquiring (and taking public).

NEXT PHASE

Investors and shareholders will meet to approve the acquisition.

FINAL PHASE

Vivendi SE

Pershing Square Holdings Ltd. ( LSE:PSH , Financial), the asset management company led by Bill Ackman (Trades, Portfolio), disclosed this week that it established a 7.1% stake in Universal Music Group approximately one month after Ackman's special purpose acquisition company Pershing Square Tontine Holdings ( PSTH , Financial) backed out of its acquisition agreement.

Bill Ackman's Pershing Square Subscribes to Universal Music Group

Pershing Square Holdings Ltd has acquired a 7.1% stake in Universal Music Group (UMG), one of the big three record labels, from Vivendi for US$2.8bn. The shares changed hands at US$21.78 per share, which is equivalent to about €18.58.

Pershing Square acquires 7.5% stake in Universal Music Group

Vivendi said on Tuesday it had sold a 7.1% stake of Universal Music Group (UMG) to Pershing Square Holdings, managed by William Ackman, adding it could sell it a further 2.9% by Sept. 9, 2021.

Vivendi sells a 7.1% stake of UMG to Pershing Square for $2.8 billion

Block

The complex deal to acquire a stake in Universal Music fell through, but should investors sell or hold?

Should Investors Stick With Pershing Square Tontine Holdings?

Even with the changes in the SPAC's Universal Music Group bid, PSTH stock may be one of the best long-term investment opportunities we've seen in years. The post Pershing Square Tontine Holdings Is Growth and Value Dream Investment appeared first on InvestorPlace.

Pershing Square Tontine Holdings Is Growth and Value Dream Investment

It's bad news that Bill Ackman's SPAC couldn't close its proposed UMG merger. However, traders have overreacted, setting up an opportunity in PSTH stock.

Pershing Square Tontine Has Almost No Risk Left After Its Merger Imploded

Bill Ackman's SPAC has some stringent requirements for any potential company it might pair with, which is discouraging news for PSTH stock. The post Pershing Square Tontine Holdings Will Languish Until a New Merger Announcement appeared first on InvestorPlace.

Pershing Square Tontine Holdings Will Languish Until a New Merger Announcement

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Pershing Square Tontine Holdings: 4 Ways To Change Positions After Deal Break

A deal for Universal Music, yes, but not through the much ballyhooed SPAC route. Hedge fund titan Bill Ackman, as has been widely reported, has abandoned his plans to take a stake in Universal Music Group via special purpose acquisition company (SPAC).

Ackman's Withdrawal From SPAC-For-Universal Deal May Be SPAC Mood Killer

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The SEC has been circling around SPACs in 2021. The company's pressure on how warrants were recognized by companies led to a backlog of deal votes and company's set to publicly list.

SEC Pushes Harder On SPACs With PSTH Pressure, SRAC Fine

Bill Ackman's Pershing Square Tontine Holdings (NYSE: PSTH) withdrew from plans of getting a 10% stake in Vivendi's Universal Music Group on Monday. The billionaire investor will now buy a 10% stake in the music corporation via his main hedge fund instead of the blank-check company.

Bill Ackman's PSTH withdraws from a deal to buy a 10% stake in Universal Music

Pershing Square (PSTH) is seeing its stock dip lower this morning after the company pulled out of a deal with Universal Music Group. The post PSTH Stock Alert: Why Pershing Square Pulled Out of the Universal Music Deal appeared first on InvestorPlace.

PSTH Stock Alert: Why Pershing Square Pulled Out of the Universal Music Deal

Hedge-fund billionaire William Ackman is dropping plans to use his SPAC to invest in Universal Music Group, saying the Securities and Exchange Commission wasn't convinced the deal met the rules for such vehicles.

Bill Ackman drops SPAC plan for Universal Music deal

Investor Bill Ackman announced that his firm is dropping plans to use his SPAC to invest in Universal Music Group after the Securities and Exchange Commission raised questions over the deal.

Bill Ackman's SPAC drops $4B Universal Music deal over SEC scrutiny

Ackman's SPAC is back to square one after regulators questioned the structure of the Universal Music deal.

Bill Ackman's PSTH scraps Universal Music deal after SEC pushback -but the billionaire investor is still buying a stake

On a sum-of-the-parts valuation, InvestorPlace's Mark Hake puts PSTH stock at $30.50. Is Bill Ackman's SPAC the way to play Universal Music Group?

There's More Than One Way To Play Pershing Square Tontine Holdings Stock

Too many regulatory hurdles and a weak share price since the deal was announced appeared to scupper Pershing Square's bid for a Universal Music stake.

Bill Ackman's Pershing Square Drops Deal to Buy 10% Stake in Universal Music

Billionaire investor Bill Ackman's SPAC Pershing Square Tontine Holdings (NYSE: PSTH) said on Monday it is no longer pursuing a deal to buy 10% of Universal Music Group, a unit of Vivendi SE (OTC: VIVHY). What Happened: Ackman-led special purpose acquisition company had last month said it was buying the 10% stake in Universal for about $4 billion, creating a new special purpose acquisition rights company, or a SPARC, which was expected to trade on the NYSE or Nasdaq.

Bill Ackman's SPAC Abandons Universal Music Group Deal Over SEC Objections

Pershing Square Holdings Limited (LON:PSH) Is to acquire a 10% stake in Universal Music Group from Vivendi after US authorities blocked attempts to use a SPAC for the deal. Pershing Square Tontine Holdings (PSTH), a special purpose acquisition company or SPAC, was originally supposed to acquire the stake.

Pershing Square to acquire Universal Music stake after SPAC deal blocked

Billionaire investor Bill Ackman's blank-check company said Monday it had dropped a deal to buy 10% of Vivendi's flagship Universal Music Group.

Bill Ackman's Pershing Square drops deal to buy 10% of Universal Music

Billionaire investor William Ackman's Pershing Square Tontine Holdings has dropped a deal to buy 10% of Vivendi's Universal Music Group (UMG), the label that is home to musicians such as Taylor Swift.

Bill Ackman's Pershing drops deal for Vivendi's Universal Music Group

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Pershing Square Tontine Holdings trades well below its sum-of-the-parts. PSTH stock is worth $30.50 on a SOTP basis, implying a 35% potential return for investors.

Pershing Square Tontine Holdings Trades Well Below the Sum of Its Parts

This is one of the most complex SPAC deals ever, but could be one of the best values as well.

News for Pershing Square Tontine Holdings Stock (PSTH)