Tuesday, July 27

Pershing Square Capital Management

Bill Ackman, Billionaires, Domino's Pizza, Markets, MI Exclusive, Pershing Square Capital Management, Pershing Square Tontine Holdings, Restaurants, Stocks

Billionaire investor Bill Ackman has likely scored a $200 million gain on Domino’s Pizza stock in the past 14 weeks

Bill Ackman. YouTube / Saïd Business School, University of Oxford Bill Ackman's Pershing Square has probably made over $200 million on Domino's Pizza stock. The investor's fund owned $749 million of the pizza-delivery group's shares at the end of March. Domino's stock has surged 31% since then, lifting Pershing's stake to about $980 million. See more stories on Insider's business page. Billionaire investor Bill Ackman has likely made over $200 million on Domino's Pizza stock in the past 14 weeks.Ackman's fund, Pershing Square Capital Management, owned just over 2 million Domino's shares worth $749 million on March 30, regulatory filings show. The pizza-delivery chain's stock price has surged by 31% since then, boosting the value of Pershing's stake to about $980 million-a roughly...
Bill Ackman, Hedge Funds, m&a, Markets, MI Exclusive, Pershing Square Capital Management, Pershing Square Tontine Holdings, SPAC, UMG, Universal Music

Hedge fund manager Bill Ackman’s mega-SPAC seals $4 billion deal to buy 10% of Universal Music

Bill Ackman has agreed a deal to buy 10% of Universal Music Group for about $4 billion. Ackman's Pershing Square Tontine Holdings will remain a public company following the transaction. Shareholders are set to have UMG and PSTH shares plus the chance to back a new investment vehicle. See more stories on Insider's business page. Bill Ackman's pitch to buy 10% of Universal Music Group (UMG) for about $4 billion has been accepted, the billionaire investor announced on Sunday. He also confirmed his intention to pursue two more multibillion-dollar deals, paving the way for fresh intrigue after seven months of speculation about his origi...