Merger Anticipation Could Drive Ackman’s Pershing Square Tontine Higher
The activist investor’s reputation has SPAC money betting on a big deal [soros] Q4 2020 hedge fund letters, conferences and more The resurgence of special purpose acquisition companies (SPACs) has created some of the markets hottest opportunities, such as Pershing Square Tontine (NYSE:PSTH). Set up by Bill Ackman of Pershing Square Capital, PTSH has already rallied from a low of $21.88 to a recent high of $31.21. Shortly after, it would pull back to double-bottom support at $25.20 and is now challenging resistance around $30. If it can break out here, I’d like to see the SPAC run to $40, near-...