Has Anything Changed For Pershing Square Tontine Holdings?
Despite announcing a merger target, PSTH stock still looks to be all about investor’s belief in Bill Ackman Q1 2021 hedge fund letters, conferences and more The last time I wrote about Pershing Square Tontine Holdings (NYSE:PSTH) was at the beginning of May. At the time, PSTH stock was down 27% from its February high. But without a target, investors were losing patience. That began to change in early June. Bill Ackman, the SPAC’s founder, announced his intention to buy a stake in Universal Music Group (UMG) from parent company Vivendi (OTCMKTS:VIVEF). There are many elements of this deal that ...