| 2021-05-12 10:16:55|
PSTH 10:16 05/12 05/12/21
Pershing SPAC jumps after Ackman says 'deeply engaged' on deal
Shares of special purpose acquisition company Pershing Square Tontine Holdings (PSTH) moved higher as Bill Ackman speaks at the Wall Street Journal's Future of Everything Festival. Ackman said he's "deeply engaged" in merging Pershing Square Tontine with an iconic business. Ackman noted he's been working on a SPAC deal since November and that he's "cautiously optimistic" a deal can be reached. Shares of Pershing Square Tontine Holdings are up 5%, or $1.05, to $23.68 in morning trading.