Bill Ackman said has he been working on a transaction for Pershing Square Tontine (PSTH) for months

May 12, 2021 10:04 AM EDT

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Talking in a WSJ interview, Bill Ackman said he has been working on a transaction for Pershing Square Tontine (NYSE: PSTH) for months.

Ackman said they have been working on the deal since early November, however, there is a "lot of complexity."

Ackman said the SPAC shareholders will own a minority stake in the target company.



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William Ackman, Pershing Square Capital, SPAC