Pershing Square Tontine Holdings Ltd - Ordinary Shares - Class A

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Mergers / Acquisitions, Equity Financing / Related, Initial Public Offerings

Ackman's Pershing Square Tontine Abandons Universal Music Group Deal

Published: 07/19/2021 06:15 GMT
Pershing Square Tontine Holdings Ltd - Ordinary Shares - Class A (PSTH) - Pershing Square Tontine Holdings, Ltd.
Releases Letter to Shareholders.
Yesterday, Board Unanimously Determined Not to Proceed With Universal Music Group Transaction.
Also Agreed to Assume Vivendi Indemnity Agreement and Our Umg Transaction Costs.
Psth is Withdrawing Its Redemption Tender Offer and Related Warrant Exchange Offer.
Our Next Business Combination Will Be Structured As a Conventional Spac Merger.