Billionaire investor William Ackman said that he hopes to make an announcement on the target for his $4 billion SPAC Pershing Square Tontine Holdings within weeks, Reuters reports.
Ackman reportedly told investors on a quarterly call that his team is “working to complete the transaction” and that he likes the business and loves the management team.
If however the deal should collapse, Ackman said he would then move on to his next target. Either way, he said he would offer an update.
Ackman made headlines last year when he raised Pershing Square Tontine, making it the biggest blank-check company ever. Read more.
