(Bloomberg) — Large, venture-backed businesses that haven’t gone public yet be advised: by the end of Tuesday billionaire investor Bill Ackman could have as much as $4 billion in his back pocket ready to put toward a bumper acquisition.Ackman’s blank-check company — the latest in a slew of special purpose acquisition companies that have hit the market in recent months — is offering 200 million units at $20 apiece, after earlier filing to sell 150 million units. Pershing Square Tontine Holdings Ltd., backed by Ackman’s Pershing Square Capital Management, will stop taking investor orders for its initial public offering on …read more
Source:: Yahoo Finance
