Billionaire hedge fund manager Bill Ackman in a Q3 investor call provided an update on his Pershing Square Tontine Holdings, which has weathered a bumpy road in recent months, especially after his SPAC plan to buy a hefty stake in Universal Music Group fell apart. Meanwhile, his “SPARC” plans are still alive and Ackman says there is “more than sufficient capital to consummate a new transaction.”
A transcript of the highlights from the call is available over at MarketScreener. Read more.
