Bill Ackman’s SPAC has 6 Weeks to Find a Target — or Return $4B to Investors

Bill Ackman’s $4 billion blank-check company has just 6 weeks to identify a target to merge with, Markets Insider reports.

A deal for Pershing Square Tontine Holdings to acquire a stake in Universal Music collapsed last year. The SPAC is facing an investor lawsuit alleging the blank-check company is operating illegally, a claim Ackman dismisses.

Pershing Square Tontine Holdings is the largest SPAC in the world. Read more.