Billionaire investor William Ackman said he will miss a self-imposed target for his $4 billion blank-check investment vehicle to find a merger partner in the first three months of 2021, The Star Phoenix reports.
The failed deadline underscores Ackman’s challenge of agreeing on a deal with a company of a sufficient size, scale and quality for Pershing Square Tontine Holdings, the largest SPAC ever raised. Read more.
