1. Bill Ackman and Tontine Holdings Rewrite the Terms for SPACs

    Bill Ackman and Tontine Holdings Rewrite the Terms for SPACs

    Bill Ackman's Pershing Square Holdings this week is sponsoring the largest Special Purpose Acquisition Company ever raised. Pershing Square Tontine Holdings and will raise $4 billion by offering 200 million units at $20. Activist shareholder Ken Squire calls the move a "groundbreaking" opportunity...

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