Bill Ackman’s SPAC Abandons Universal Music Agreement

[ad_1] On second thought… Pershing Square Tontine Holdings, Bill Ackman’s massive SPAC, did so in a highly complex transaction when it reached an agreement to buy a 10 percent stake in Universal Music Group last month. got a lot of explanation. Now, feedback from the SEC forced Ackman to change course. Here’s a quick reminder …