M&A radar: SATS doesn't persuade the plebs
Days of uprising
SEEKING ALPHA reports:
– Pershing Square Holdings (OTCPK:PSHZF) wrote in its annual report Monday that its hot SPAC Pershing Square Tontine Holdings (NYSE:PSTH) won’t be announcing an M&A deal before Q1 ends Wednesday. But the parent firm added that it still plans to launch a Pershing Square Tontine Holdings II.
– “While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so,” Pershing Square chief Bill Ackman wrote ...