February 28, 2018 / 11:13 PM / 3 months ago

BRIEF-Pershing Square To Launch Tender Offer For Own Shares

Feb 28 (Reuters) - Pershing Square Holdings Ltd:

* PERSHING SQUARE HOLDINGS INTENDS TO LAUNCH TENDER OFFER FOR OWN SHARES FOR $300 MILLION SUBJECT TO SHAREHOLDER VOTE

* PERSHING SQUARE HOLDINGS LTD - BOARD WILL RECOMMEND PSH SHAREHOLDERS VOTE TO REMOVE 4.99% OWNERSHIP LIMIT AND TO APPROVE COMPANY TENDER​

* PERSHING SQUARE- ANTICIPATES TENDER WOULD BE STRUCTURED AS DUTCH AUCTION PRICED AT DISCOUNT TO PSH’S PREVAILING NET ASSET VALUE PER PUBLIC SHARE

* PERSHING SQUARE - BILL ACKMAN, OTHER AFFILIATES OF PSCM, INDICATED THEY INTEND TO VOTE IN FAVOUR OF CO TENDER, REMOVAL OF OWNERSHIP LIMITATION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below