Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle
Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of equity capital for its initial business combination.
Speculation grew about Ackman’s potential target – with talk about Airbnb Inc, Stripe, and Bloomberg L.P. being on his list. Late last year, he said he hoped to be able to break the news on a target by the end of the first quarter of 2021.
“Eight months since PSTH’s launch, we remain convinced that an investment in PSTH will generate highly attractive long-term returns, even from PSTH’s current stock price,” Ackman said in a report.
Soure: Reuters
