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The much anticipated PSTH deal dropped. My initial review leads me to believe the market is going to take this announcement as a positive. The proposed deal likely has the most implications for the tontine warrant and consequently the common share price. For further details ...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Reflation trade in focusOpening lower to start the week, U.S. stock index futures are now in the green, up 0.6% in overnight trade. The move higher comes a...
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) today released a presentation on its website that further describes the transactions announced earlier today. The presentation can be found here . About Pershing Square Tontine Holdings, Ltd. Pershing Square Tontine Hold...
UMG Shares to be Distributed to PSTH Shareholders Later this Year PSTH to Remain a Publicly Traded Company “RemainCo” with Approximately $1.5 billion of Cash and Access to an Additional $1.4 billion Through Forward Purchase Agreements After the Distribution of UM...
In this week's installment of Industry Focus: Financials , host Jason Moser and Fool.com contributor Matt Frankel, CFP, take a closer look at recent fintech IPO Flywire (NASDAQ: FLYW) and why it could be a smart stock for investors to keep on their radar. Plus, we recently r...
J2R/iStock Editorial via Getty Images Videndi SE ADRs (VIVHY) rose to session highs, up 1%, after a report that activist Dan Loeb's Third Point accumulated a state in the French company. Third Point has held the position for several months and hasn't said its position on the company's pl...
Investors finally learned what Pershing Square Tontine Holdings (NYSE: PSTH) will be acquiring, and instead of taking an entire company public, the special-purpose acquisition company (SPAC) will be investing in a 10% stake in Universal Music Group. As if that wasn't different enoug...
When hedge fund manager Bill Ackman launched Pershing Square Tontine Holdings (NYSE: PSTH) , the largest SPAC in history, many investors were expecting him to take an exciting, fast-growth business like Stripe or even SpaceX public. So, it's fair to say that many were disappointed t...
Pershing Square Tontine (PSTH) stock rises 1.0% in premarket trading after Bill Ackman retweets a "plain English", if expletive-filled, video describing the structure of the SPAC's proposed transaction with Universal Music Group.Under the proposal, PSTH would own three separately traded ...
In 2020, SPACs accounted for more than half of all deals made, in terms of dollar value, and SPACs are running well ahead of that pace in 2021. In sum, SPACs are as much a reflection of the times that we live in, as they are a potential solution to the going-public problem. In an ...
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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...