Let the SPARCs Fly
Appraisal Rights
SEPTEMBER 15, 2021
As reported here in Bloomberg , after launching a record-size $4 billion SPAC last summer, Bill Ackman’s Pershing Square Tontine Holdings is unwinding and returning its invested funds back to shareholders. In June, Pershing Square announced it was buying a 10% stake in Universal Music Group, surprising investors who had been expecting a classic SPAC merger.
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