“There’s literally no compensation to the sponsor,” Bill Ackman says about Pershing Square Tontine Holdings, which will be the largest SPAC to date.
This is breaking news. Please check back for updates.
Bill Ackman's Pershing Square Tontine Holdings is poised to become the largest special purpose acquisition company, or SPAC, on record when it begins trading on Wednesday. The fund, announced in June, targeted $4 billion in outside capital, which was higher than the initial target of $3 billion. Ackman's hedge fund, Pershing Square Capital, will invest an additional $1 billion to $3 billion, meaning the vehicle's total value could reach $7 billion.Ackman said Wednesday on CNBC's"What's new in our structure is that we're taking no compensation: no management fees, incentive fees ... we're not buying cheap stock.
SPACs are also known as blank-check companies, since investors fork over money without knowing when, or even what for, their capital will be used. Once the SPAC goes public, the goal is then for it to acquire or merge with a private company, thereby taking it public. Investors then have the option to become shareholders in the newly combined company.
For the private company, it's a less risky way to go public on an often accelerated timeline, and without having to jump through all of the SEC's regulatory hoops.for exclusive insights and analysis, and live business day programming from around the world.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Bill Ackman and Tontine Holdings rewrite the terms for SPACsWe believe this is a tremendous opportunity for several reasons.
続きを読む »
Bill Ackman and Tontine Holdings rewrite the terms for SPACsWe believe this is a tremendous opportunity for several reasons.
続きを読む »
Tesla Is a Hit in China but That Doesn’t Mean Chinese EV Stocks Are a BuyHeard on the Street: Chinese electric-vehicle stocks are hot. Actual EV sales in China—not so much.
続きを読む »
New Lockheed CEO says 5G networks key to military vehicle autonomyJames Taiclet, the new chief executive at Lockheed Martin the Pentagon's largest weapons supplier, is keen to use 5G networks to bolster the militaries' autonomous capabilities, he told Reuters in an interview following the company's earnings announcement on Tuesday.
続きを読む »
Vivienne Westwood, 79, Staged a Protest 10 Feet in the AirThe designer showed her support for WikiLeaks founder Julian Assange by embodying a canary.
続きを読む »
The Cambridges Release 2 New Photos Kate Took of Prince George to Mark His 7th BirthdayAt age seven, Prince George is into soccer and anything that flies, following the footsteps of his pilot father.
続きを読む »