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Analysis

Ackman's SPAC Strategy Pushes Deal Structure's Boundaries

By Tom Zanki (June 11, 2021, 7:43 PM EDT) -- Hedge fund titan Bill Ackman's multilayered proposal to acquire a minority stake in music giant UMG through his special purpose acquisition company, while also enabling future acquisitions, seeks to rewrite the SPAC playbook through several complicated steps that could spur imitators....

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