Billionaire investor Bill Ackman sponsored his first “Blank-check company” since 2011 this week. It means he now has $4 billion from investors to buy whatever company he wants. Sounds like fun.
That company will then be merged with Ackman’s new listing and become a publically listed company. It’s an interesting approach and it’s seen record popularity this year. I asked Joseph Trevisani why that is.
