nysepsth
The requirements for any potential merger company will be challenging Q2 2021 hedge fund letters, conferences and more Bill Ackman’s special purpose acquisition company (SPAC) Pershing Square Tontine Holdings (NYSE:PSTH) just dumped its complicated deal to acquire 10% of Universal Music Group (UMG) for the SPAC. As a result, PSTH stock faces more uncertainty and doubt about its ability to close on a large reverse merger. In an interview with CNBC on July 19, Bill Ackman more or less blamed his pulling of the UMG deal for PSTH on comments and statements made by the Securities and Exchange Commi...
ValueWalk
In a sensational tweet shot off today, local investor, Codie Sanchez, claims that her one single laundromat makes more money than the multi-billion Uber Corporation. Q2 2021 hedge fund letters, conferences and more Disclaimer: This is a satirical article. Uber: Valued at $85 billion, loses $500 million per year My Laundromat: Bought for $100k, nets $67k per year — Codie Sanchez 💥 (@Codie_Sanchez) July 21, 2021 Ackman To Take Laundromat Public Through PSTHAfter fact checking Codie’s statement (we are very “credible” and full of “integrity”) we can fully state that Codie is 100% correct in her a...
ValueWalk
Whitney Tilson’s email to investors discussing Enrique Abeyta’s take on Pershing Square Tontine Holdings Ltd (NYSE:PSTH). Q2 2021 hedge fund letters, conferences and more PSTH's Deal With UMG Is A No GoHere's an excerpt from the update my colleague Enrique Abeyta sent to his Empire SPAC Investor subscribers yesterday on Bill Ackman's Pershing Square Tontine Holdings (PSTH): Today's announcement that Pershing Square Tontine Holdings can no longer consummate its transaction with Universal Music Group ("UMG") has to be a disappointment for Bill Ackman – but less so for shareholders. Ackman had co...
ValueWalk
Following is the unofficial transcript of a CNBC exclusive interview with Pershing Square Capital Management CEO Bill Ackman on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Monday, July 19. Following is a link to video on CNBC.com: Q2 2021 hedge fund letters, conferences and more Bill Ackman On Pulled SPAC: New SEC Concerns Killed Universal Music DealANDREW ROSS SORKIN: Meantime, big headline this morning. We learned that Bill Ackman’s blank check company was dropping a roughly $4 billion deal to buy 10% of Universal Music Group, home to stars like Taylor Swift and Lady Gaga. And in a letter t...
ValueWalk
Despite announcing a merger target, PSTH stock still looks to be all about investor’s belief in Bill Ackman Q1 2021 hedge fund letters, conferences and more The last time I wrote about Pershing Square Tontine Holdings (NYSE:PSTH) was at the beginning of May. At the time, PSTH stock was down 27% from its February high. But without a target, investors were losing patience. That began to change in early June. Bill Ackman, the SPAC’s founder, announced his intention to buy a stake in Universal Music Group (UMG) from parent company Vivendi (OTCMKTS:VIVEF). There are many elements of this deal that ...
ValueWalk
Reportedly, Ackman has been working on a potential transaction since November Q1 2021 hedge fund letters, conferences and more The last time I weighed in on Pershing Square Tontine (NYSE:PSTH), I said, “The best thing to do here is take a small position in the SPAC and wait. When a potential deal is announced, excitement could drive this stock higher. Be patient with this one.” That was around Feb. 8, as the PSTH stock traded at $30.14. Since then, the SPAC stock has done a whole lot of nothing, last trading around $25 a share. However, Don’t Count Pershing Square Tontine Out Just YetFor one, ...
ValueWalk
If DPZ and Ackman strike a deal, PSTH stock would become a risky LBO fund rather than a reverse merger Q1 2021 hedge fund letters, conferences and more Bill Ackman, the CEO of Pershing Square Tontine Holdings (NYSE:PSTH) has been in the news quite a bit lately. According to Barron’s on May 17, Ackman was “cautiously optimistic” that PSTH stock, a special purpose acquisition company (SPAC), could end up reaching a merger deal soon. What’s more, Ackman’s investment firm “bought a roughly 6% stake” in Domino’s Pizza (NYSE:DPZ) last week. This got me thinking. While these seem like two different n...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら