Pershing Square's Ackman on LSE Listing, Buyback

Pershing Square's Ackman on LSE Listing, Buyback

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Business

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The transcript discusses Pershing Square Holdings' strategy to increase liquidity and reduce discount by listing in London. It covers buybacks, intrinsic value, and lessons from past investments like Valiant. The focus is on maintaining a concentrated portfolio, avoiding extra taxation, and leveraging board influence. Current investments and market outlook are also discussed, highlighting opportunities and challenges.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Pershing Square Holdings decide to list in London?

To avoid taxes

To access more investors and increase liquidity

To change their business model

To merge with a UK company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of Pershing Square Holdings' buyback strategy?

To purchase assets at a discount

To reduce the company's debt

To diversify their portfolio

To increase the number of shares

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant mistake made by Pershing Square Holdings in their past investments?

Selling assets too quickly

Over-diversifying their portfolio

Making a passive investment without board involvement

Investing in a tech startup

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What lesson did Pershing Square Holdings learn from their investment in Valiant?

The benefits of investing in tech companies

The need for active board involvement

The risks of investing in emerging markets

The importance of diversifying investments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of Pershing Square Holdings' investment strategy?

Avoiding any form of taxation

Investing in small startups

Maintaining a concentrated portfolio

Focusing on short-term gains

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Pershing Square Holdings benefit from its structure as a fund?

It simplifies the management process

It allows for more frequent trading

It avoids an extra layer of corporate tax

It increases the number of investors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What impact is expected from the FTC's action against Herbalife?

A significant negative impact on Herbalife's business

A positive impact on Herbalife's stock price

An increase in Herbalife's market share

No impact on Herbalife's business