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Bill Ackman’s Pershing Square to shut down, return $4bn to shareholders
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fnlondon.comSpecial purpose acquisition company Pershing Square Tontine Holdings Ltd. PSTH, -0.05% said on 11 July it will cease all operations except for winding up its business after July 26.
Bill Ackman, the chief executive of a special purpose acquisition company, said in a letter to shareholders on 11 July that the company will return $4bn of capital in trust to its shareholders.
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