Pershing Square Tontine Holdings: There Should Be More To This Deal Than Meets The Eye

Bram de Haas
19.95K Followers

Summary

  • As it stands, the disclosed potential deal doesn't make a lot of sense.
  • It seems like there's something missing that would explain why Ackman and Pershing Square would go to this length.
  • It is also unclear to me why it took so long; the deal appears to have little downside to Vivendi.
  • I'll speculate on what kind of moves Ackman-Vivendi could be cooking up.
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I've been wrestling with the Pershing Square Tontine Holdings (PSTH) transaction ever since it has been announced. The potential deal doesn't make a lot of sense as is. It has been met with a lot of skepticism by both

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This article was written by

19.95K Followers
Bram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations.

Analyst’s Disclosure:I am/we are long PSTH, PSHZF, VIVEF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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