Pershing Square's Ackman eyes $1 billion-plus 'blank-check' company, sources say

Article Link: Pershing Square’s Ackman eyes billion-plus ‘blank-check’ company, sources say

Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said.

Source: CNN Investing