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Bill Ackman’s Pershing Square SPAC Is a Unique Vehicle: Report

December 17, 2020
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Pershing Square Tontine Holdings has bucked the trend of most SPACs, both in terms of the type of deal it’s looking to make and its size, InvestorPlace reports. Bill Ackman, a famous hedge fund manager, runs the company that’s sponsoring the SPAC. Read more.

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Ackman last year launched $4 billion Pershing Square Tontine Holdings, the largest blank-check acquisition firm ever raised. With backing from his investors and available bank debt, he amassed enough firepower to take public a company worth tens of billions of dollars.