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PSTH is calling off the deal with UMG and putting it inside PSH. Market is selling PSH off hard which is directionally right. Pre-market PSTH down as well which is harder to justify. Put selling on PSTH is back on the menu for me. For further details see: Pershing Sq...
Pershing Square Tontine Holdings Ltd. Class A (NYSE:PSTH) traded at a new 52-week low today of $20.12. So far today approximately 5.9 million shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares. Pershing Square Tontine Holdings Ltd. Class A (NYSE:PST...
Bill Ackman’s Pershing Square Tontine Holdings ( NYSE: PSTH ) withdrew from plans of getting a 10% stake in Vivendi’s Universal Music Group on Monday. The billionaire investor will now buy a 10% stake in the music corporation via his main hedge fund instead of the ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cruise stocks aren’t doing so hot today and it is no fault of theirs as outside factors are affecting the market. Source: Shutterstock.com The problem for cruise stocks today has to do with the coronavirus d...
Bryan Bedder/Getty Images Entertainment There's "no way" that Bill Ackman's SPAC Pershing Square Tontine (PSTH) will buy media/financial information giant Bloomberg, according to CNBC's David Faber. Faber cited sources he speaks with for his reporting. Ackman has long been speculated to be in...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Pershing Square (NYSE: PSTH ), Bill Ackman’s hedge fund management company, is seeing its stock dip lower this morning after the company pulled out of a deal with Universal Music Group . Source: Shuttersto...
Matteo Colombo/DigitalVision via Getty Images It's a modified Merger Monday. M&A activity took center stage as the trading week got set to begin. However, not every headline related to deal announcements. In fact, the biggest news of the morning involved a transaction that won't take plac...
Bryan Bedder/Getty Images Entertainment Billionaire Bill Ackman said Monday that Reddit investors didn't like his Pershing Square Tontine's SPAC deal to buy 10% of Universal Music from Vivendi (VIVHY) because many were looking for a short-term pop instead of long-term gains. But Ackmen, ...
Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) had dropped a deal to buy 10% of Vivendi’s flagship Universal Music Group - CNBC.“Our decision to seek an alternative initial business combination ((IBC)) was driven by issues ra...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips When I last wrote about Pershing Square Tontine Holdings (NYSE: PSTH ) in April, I felt that the only way PSTH stock would move higher is if Bill Ackman found a target, preferably a smaller one. Source: Dmitry De...
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Pershing Square Tontine Holdings Ltd. Class A Company Name:
PSTH Stock Symbol:
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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...