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Bill Ackman: Spac failure leads to Sparc innovation
Lex專欄:SPAC退潮推動SPARC創新

Investors will give him cash for a deal only after he has picked out a target company
在比爾·阿克曼發明的新工具SPARC中,只有在他挑選出一家目標公司後,投資者纔會給他現金進行交易。

Bill Ackman is giving money back to shareholders. This week the hedge fund investor announced that his blank cheque vehicle, Pershing Square Tontine Holdings, would return the $4bn it raised two years ago, after failing to locate a suitable buyout target. He plans to keep looking. One day, he hopes, investors and their money will be back.

比爾·阿克曼正在把錢還給股東。本週,這位對沖基金投資者宣佈,由於未能找到合適的收購目標,他的空白支票工具Pershing Square Tontine Holdings將退還兩年前籌集的40億美元資金。他打算繼續尋找。他希望有一天投資者和他們的錢還會回來。

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