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

Many investors weren't thrilled to hear Bill Ackman's plans, but I can see the value in it.

Here's Why I'm Excited About Pershing Square Tontine Holdings' SPAC Deal

Bill Ackman's eagerly anticipated SPAC deal to buy 10% of Universal Music Group is reportedly facing pushback, Bloomberg reported.  Ackman's Pershing Square Tontine Holdings is looking to acquire the stake from Vivendi, a French media conglomerate. Vivendi then plans to list UMG on the Euronext Amsterdam exchange in the third quarter of 2021.

Bill Ackman's long-awaited SPAC deal for 10% of Universal Music reportedly faces pushback

Bill Ackman's SPAC PSTH recently announced its very complex "merger" with UMG. This is a good time to revisit the investment thesis behind PSHZF, Bill Ackman's hedge fund that holds his economic interest in PSTH.

Betting On Bill Ackman? Pershing Square The Better Buy Than Pershing Square Tontine Holdings

As it stands, the disclosed potential deal doesn't make a lot of sense.

Pershing Square Tontine Holdings: There Should Be More To This Deal Than Meets The Eye

PSTH recently announced its intention to purchase a 10% stake in Universal Music Group.

Pershing Square Tontine Holdings: Not Your Usual SPAC Deal

Hedge fund billionaire Bill Ackman setup up the $4 billion special purpose acquisition vehicle (SPAC), Pershing Square Tontine Holdings Ltd (NYSE: PSTH), in July 2020. But after almost a year without a deal, the SPAC announced last week that it will be acquiring a 10% stake in Universal Music Group, which is majority-owned by the […] The post Are SPARCs the new SPACs?

Are SPARCs the new SPACs? Bill Ackman might think so

SPACs are marketed as a unique way that allows retail investors upfront participation in going-public transactions. Leakages embedded in the structure of most SPACs result in retail investors getting the short end of the stick in most cases.

Pershing Square Tontine's New SPARC Structure: A True Attempt To Democratize The IPO Process

Pershing Square's Bill Ackman has done an interesting deal for a share of a good asset. The transaction for Universal Music doesn't seem exciting.

Pershing Square Tontine's Deal For Universal Is Worth Following

Long-term investors who aren't afraid of a bit of complexity should be taking advantage.

Bill Ackman's SPAC Fell 12% After Announcing Its Deal. That Could Be an Opportunity.

Pershing Square Tontine Holdings Ltd. (NYSE: PSTH) gapped down over 10% Friday morning after the Wall Street Journal reported the Bill Ackman-backed special purpose acquisition company is in talks to merge with Universal Music Group and take it public.

Pershing Square Options Traders Mixed On Universal Music Deal Talk

The SPAC confirmed that it is looking to acquire a stake in Universal Music Group to distribute to its investors.

Why Pershing Square Tontine Holdings Stock Tanked on Friday

Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month.

Bill Ackman sees Universal Music SPAC deal closing later this month

Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10-percent stake of Universal Music Group for about $4 billion. The transaction would value the Vivendi-owned Universal Music, which is the home to singers like Taylor Swift, Lady Gaga and Kanye West, at around $42.4.

Ackman's Pershing Square in talks to buy 10 percent of Universal Music for $4B

The long wait is over to see what Bill Ackman will acquire with the Pershing Square Tontine Holdings (NYSE: PSTH) SPAC. Ackman confirmed the company it had been in discussions with Friday morning while also announcing another target could be on the way.

Bill Ackman SPAC Announces Universal Music Deal: Could Investors See A #1 Hit?

In an announcement on Friday, Bill Ackman's Pershing Square Tontine Holdings Ltd (NYSE: PSTH) confirmed it was in talks to get a 10% stake in Universal Music Group for roughly $4 billion (£2.82 billion), which will be the biggest investment ever by a blank check company. The deal values the Santa Monica-based music corporation at […] The post Bill Ackman's SPAC in talks to buy 10% stake in Universal Music appeared first on Invezz.

Bill Ackman's SPAC in talks to buy 10% stake in Universal Music

Billionaire Bill Ackman's special purpose acquisition company Pershing Square Tontine Holdings fell as much as 11.6% Friday after it confirmed it is in talks to reach a deal with Universal Music. Shares of the blank check company traded around $22.50 shortly after the Friday opening bell.

Bill Ackman's SPAC falls after confirming talks to acquire 10% of Universal Music in long-awaited deal (PSTH)

PSTH stock is on the move this morning after announcing talks with Universal Music Group. But what is the target company all about?

PSTH Stock: 12 Things to Know About Ackman Target Universal Music Group

Pershing Square Tontine Holdings intends to buy a stake in mega-music publisher Universal Music Group. There's lots to unpack about the deal that will keep PSTH stock in the hunt for a merger candidate.

PSTH Stock: The Huge News That Has Bill Ackman's Pershing Square Sliding

Hedge-fund billionaire William Ackman's special purpose acquisition company (SPAC) is in talks with Vivendi to buy a 10% stake in Universal Music Group for around $4 billion, both companies confirmed on Friday.

Bill Ackman's SPAC In Talks to Buy 10% of Universal Music for $4 Billion

Vivendi SE

Shares of Pershing Square Tontine Holdings Ltd. , the special purpose acquisition corporation, or SPAC, created by billionaire investor Bill Ackman, fell 7.4% in premarket trade Friday, after Vivendi SE confirmed it is in talks to sell Pershing a 10% stake in Universal Music Group.

Bill Ackman's SPAC Pershing Square falls 7% premarket after Vivendi confirms talks to buy Universal Music stake

WSJ reported today that Bill Ackman's Pershing Square Tontine is nearing a ~$42B EV SPAC deal for Universal Music Group.

Buy Bollore For Upside From Bill Ackman's SPAC Deal For Universal Music Group

Hedge-fund billionaire William Ackman's special purpose acquisition company (SPAC) is in talks with Vivendi to buy a 10% stake in Universal Music Group, the French media conglomerate said in a statement on Friday. Vivendi said it had entered discussions with Ackman's Pershing Square Tontine Holdings and that the potential deal would give Universal Music an enterprise value of €35 billion ($42.4 billion).

Vivendi confirms talks with Ackman's SPAC over 10% stake in Universal Music Group

Ackman's SPAC in talks to buy 10% stake in Universal Music Group, Vivendi says

Billionaire investor William Ackman's blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed on Friday it was in talks to buy 10% of Universal Music Group, which is being spun-off by France's Vivendi, for around $4 billion.

Ackman's Pershing Square unit confirms talks to buy 10% of Universal Music Group

NEW YORK--(BUSINESS WIRE)--Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) (“PSTH”), a special purpose acquisition company, confirmed today that it is in discussions with Vivendi S.E. (“Vivendi”) to acquire 10% of the outstanding Ordinary Shares of Universal Music Group B.V. (“UMG”) for approximately $4 billion, representing an enterprise value of €35 billion for UMG. Later this year, after Vivendi completes its previously announced listing of UMG on Euronext Amsterdam, PSTH plans to distrib

Pershing Square Tontine Holdings, Ltd. (“PSTH”) Confirms Discussions to Acquire 10% of the Ordinary Shares of Universal Music Group (“UMG”) for Approximately $4 billion, Representing an Enterprise Value of €35 Billion

News for Pershing Square Tontine Holdings Stock (PSTH)