Exclusive: Pershing Square's Ackman eyes $1 billion-plus 'blank-check' company – sources

Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup Inc on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said. The sources requested anonymity because the IPO is still confidential. …read more

Source:: Yahoo Finance

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