Pershing Square’s Supersized SPAC Looks Well-Positioned To Deliver A Splash Acquisition (NYSE:PSTHU)

Summary
  • Well-publicized success of several high-profile SPACs this summer has led to bigger and more well-funded sponsors to enter the space.
  • Bill Ackman’s Pershing Square has launched the largest-ever SPAC, Pershing Square Tontine Holdings.
  • In a space where size and sponsor reputation are paramount, Ackman/Pershing Square stand out in both areas.
  • High investor interest, outsized demand for the offering, and strong alignment with shareholder interest all bode well for shareholders.
  • Large gains by other high-profile SPACs after their deal announcements mean that investing in Pershing Square Tontine should be advantageous for pre-deal investors.

Source: https://seekingalpha.com/article/4367199-pershing-squares-supersized-spac-looks-well-positioned-to-deliver-splash-acquisition

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