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Bill Ackman eyes 'redesign' of Pershing Square US IPO transaction
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In Pershing Square Holding's (PSH) interim results published on Thursday (15 August), he said that since pulling the offer, the trust's discount has widened, after «substantially» narrowing during the IPO offer period. Although he did not provide any further details on the plans to revamp the US IPO, Ackman said the team is «limited in what we can share about these plans due to regulatory reasons», but will keep shareholders informed about the number of «strategic initiatives». Ackman's US IPO withdrawal casts doubt on lower performance fees for Pershing Square Holdings The launch ...
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