Bill Ackman’s SPAC Drops Universal Music Deal Due To SEC Concerns
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...