Bill Ackman drops SPAC plan for Universal Music deal Hedge-fund billionaire William Ackman is dropping plans to use his SPAC to invest in Universal Music Group, saying the Securities and Exchange Commission wasn’t convinced the deal met the rules for such vehicles. https://ift.tt/2V0QYcs https://ift.tt/3kC7hHc Markets July 19, 2021 at 06:32PM
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