Bill Ackman’s SPAC to Return $4 Billion to Investors - The New York Times

The billionaire behind it, Bill Ackman, said he was “unable to consummate a transaction that both meets our investment criteria and is executable.”

Mr. Ackman cited these reasons in explaining why his SPAC had yet to find a deal. Given how rocky the public markets are right now, he said, many high-quality and profitable companies are putting off… [+973 chars]

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