August 31, 2021

Why the Biggest SPAC Ever Is Faltering

by The Journal.

Background show artwork for The Journal.
Famed activist investor Bill Ackman raised $4 billion for a blank-check company last year, enough to merge with a big, proven start-up. But he still hasn't found a company to buy, and is now suggesting he might return all of his investors' money. WSJ's Cara Lombardo tells us why Ackman is falling short.

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