Bill Ackman is not a stupid man. He’s an activist investor, which means he pressures companies to take on debt or close factories. He’s made $3.1 billion from it.  So why did Ackman dive headfirst into the special purpose acquisition company (SPAC) business one year ago? SPACs do not have a good reputation.  The short answer is that Ackman stood to make $800 million from one SPAC deal – if he could pull it off. But it looks like he got greedy. The SPAC boom is now over. In trying to land the biggest SPAC deal ever, it looks like…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .