Tag: hints

Billionaire investor Bill Ackman offers new hints on possible targets for his record-breaking SPAC


  • Pershing Square Tontine is looking at employee-owned and family-controlled businesses as potential targets for a merger, Bill Ackman said in an interview with investor Whitney Tilson.
  • The billionaire investor previously indicated his special-purpose acquisition company, or SPAC, was eyeing “mature unicorns” and “high-quality, venture-backed businesses” as takeover targets.
  • Ackman added that he limited the size of his blank-check firm to avoid shrinking the pool of merger candidates.
  • The SPAC aims to take a minority stake in a company worth between $10 billion to $15 billion, the billionaire investor said.
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