Text size William Ackman Bryan Bedder / Getty Images for The New York Times A special-purpose acquisition company, or SPAC, sponsored by Bill Ackman’s Pershing Square Capital Management, made its debut on the New York Stock Exchange on Wednesday in the largest initial public offering of blank checks. The offering …
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Billionaire hedge fund manager Bill Ackman, the largest “blank check” company, went public on Wednesday, with more than $ 4 billion in his kitty to acquire a still-undetermined company, and has two years to choose a . Pershing Square Tontine Holdings Ltd. PSTH.UT, + 7.97% is a special purpose acquisition …
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Text size The two airlines plan to code share flights and integrate some of their networks. Bloomberg (2) JetBlue Airways and American Airlines Group are forming an alliance in which they plan to share flight codes and integrate some of their networks. It could be a sign of industry consolidation …
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Text size Fisker Inc., a new maker of electric vehicles, will announce a merger with a SPAC. The company may be new, but its founder and namesake Henrik Fisker designed the BMW Z8 and Aston Martin V8 Vantage. He has high hopes for electric vehicles and some innovative ideas. Simon …
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The “art” of doing business has become quite a difficult sale this year. Rainmakers in the global M&A business saw the count of completed deals drop to $ 1.11 trillion in the first six months of the year, about half the volume seen during the same period in 2019, for …
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