Bill Ackman’s SPAC To Buy 10% Stake In Universal Music Group From Vivendi In $4B Deal
Pershing Square Tontine Holdings (NYSE: PSTH), a blank-check firm owned by billionaire investor William Ackman said on Sunday it is buying 10% of Universal Music Group, a unit of Vivendi SE (OTC: VIVHY), for about $4 billio
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) (“PSTH”), a special purpose acquisition company, announced today that it had entered into a definitive agreement with Vivendi S.E. (“Vivendi”) to acquire 10% of the outstanding Ordinary Shares of Unive…
Later this year, after Vivendi completes the previously announced separation from and listing of UMG on Euronext Amsterdam, the acquired UMG shares will be distributed to PSTH shareholders.
SPACs Attack Recap: Looking Back At 5 SPAC Deals, New SPAC Rumors And Headline News
Last week featured five announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals, rumors and headline news all covered on Benzinga’s “SPACs Attack.”
SPAC Deals:
Bill Ackman SPAC Deal For Universal Music Group Could Face Battle From Dan Loeb, Among Others
Bill Ackman's plan to acquire 10% of Universal Music Group could face a setback with Vivendi shareholders speaking out against the transaction.
Bill Ackman SPAC Announces Universal Music Deal: Could Investors See A #1 Hit?
The long wait is over to see what Bill Ackman will acquire with the Pershing Square Tontine Holdings (NYSE: PSTH) SPAC. Ackman confirmed the company it had been in discussions with Friday morning while also announcing another target could be on the way.
Benzinga Pro’s Top 5 Stocks To Watch For Friday, Jun. 4, 2021: AMC, SNDL, PSTH, ROCC, ZME
Today's 5 Stock Ideas
AMC Entertainment (AMC) - A Wedbush analyst Friday morning shared insight into the current state of affairs for AMC shares. The analyst raised her price target from $6.50 to $7.50 and
What’s Going On With Pershing Square Tontine Holdings (PSTH) Today?
Pershing Square Tontine Holdings Ltd (NYSE: PSTH) is trading lower Thursday night following a report by the Wall Street Journal stating that the Bill Ackman-backed SPAC is nearing a deal with Universal Music Group that would value the world's largest music company at around $40 billion