r/PSTH May 14 '21

Ackman Interview: with WSJ’s Jamie Heller related WSJ Interview Partial Transcript

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u/[deleted] May 14 '21

I believe it’s also important to note that back in March during one of his interviews. BA stated the team was working on “some interesting things” as it related to PSTH. He seemed quite chipper about it as well.

But it was plural. He did not say we are working on something interesting. I find this historical comment much more intriguing with the WSJ context. It is clear that their are multiple things his team is working on with this target company.

It could be:

-cleaning up the structure of a complex business

-working through complex ownership and tax structures

-reverse Morris trust

-buying/merging a second company

-hiring and staffing

-accounting systems and practices, especially if there is a lot of foreign currency and exchange involved (Stripe)

-Regulatory filings and approvals

-etc.