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SPACs are marketed as a unique way that allows retail investors upfront participation in going-public transactions. Leakages embedded in the structure of most SPACs result in retail investors getting the short end of the stick in most cases. Pershing Square Tontine and its sponsor...
Listen on the go! A daily podcast of Wall Street Breakfast's Alpha Talks will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. The stock market got the jobs report it apparently was waiting for, as May's payrolls growth came in short of expectations and led investors ...
Pershing Square's Bill Ackman has done an interesting deal for a share of a good asset. The transaction for Universal Music doesn't seem exciting. But within the complexity of the deal, there may be opportunity in the future. For further details see: Pershing Square Tont...
Shares of Pershing Square Tontine Holdings (NYSE: PSTH) have tanked today, down by 11% as of 11:30 a.m. EDT, after the special-purpose acquisition company (SPAC) confirmed that it is in negotiations to acquire 10% of Universal Music Group (UMG) for $4 billion, valuing UMG at $40...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The merger between SoFi Technologies (NYSE: SOFI ) and Social Capital Hedosophia Holdings Corp. V was completed on May 28. On June 1, SOFI stock began trading in New York. Source: rafapress / Shutters...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Good morning and welcome to the stock market today! We may be at the end of the trading week, but the market chaos is far from over. Elon Musk is driving us into another crypto crash, and retail investors have another deal ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The9 Limited (NASDAQ: NCTY ) stock is soaring higher on Friday following news of a crypto mining deal with Skychain Technologies (OTCMKTS: SKTCF ). Source: biggunsband / Shutterstock.com The deal between t...
In an announcement on Friday, Bill Ackman’s Pershing Square Tontine Holdings Ltd ( NYSE: PSTH ) confirmed it was in talks to get a 10% stake in Universal Music Group for roughly $4 billion (£2.82 billion), which will be the biggest investment ever by a blank check company. T...
Pershing Square Tontine Holdings just announced a complex deal to buy 10% of UMG shares. After the deal, PSTH shares will still be outstanding. This is an initial review of what the value to shareholders and warrantholders could look like. In short, shareholders are probably O...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla (NASDAQ: TSLA ) CEO Elon Musk looks to be finally moving forward with plans to open restaurants and TSLA stock is on the rise. Source: Christopher Lyzcen / Shutterstock.com Here’s everything inves...
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Pershing Square Tontine Holdings Ltd. Class A Company Name:
PSTH Stock Symbol:
NYSE Market:
Special purpose acquisition companies, or SPACs, have been a part of the investment world for years, but to say they surged in popularity in 2020 and 2021 would be an understatement. Seeking to capitalize on the opportunities in the market created by the COVID-19 pandemic's disruption, hedg...