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Bill Ackman has cut the amount he is seeking to raise in the initial public offering of his US investment fund Pershing Square USA to $2bn, a fraction of the $25bn the billionaire hedge fund manager had initially targeted.
The New York Stock Exchange-listed closed-end fund will sell the shares “as soon as practicable”, according to an SEC filing published on Tuesday.
In a letter to investors last week, Ackman said he anticipated launching with $2.5bn to $4bn. The banks leading the deal include Citigroup, UBS, Bank of America and Jefferies.
new video loaded: Trump Mocks Obama, Biden in His Presidential ‘Walk of Fame’
The White House unveiled new plaques near the Oval Office mocking some of President Trump’s predecessors. The new display distorts history and aligns with Mr. Trump’s worldview.
The terrorist group has been linked to the mass shooting in Australia and a deadly attack in Syria. What do these two attacks reveal about the group’s strength?Host Mary Louise Kelly speaks with Pentagon correspondent Tom Bowman and Middle East correspondent Jane Arraf about how the Islamic State has adapted in a post-caliphate world and what American forces are doing in Syria.Email the show at sourcesandmethods@npr.orgNPR+ supporters hear every episode without sponsor messages and unlock access to our complete archive. Sign up at plus.npr.org.
Videos show rebels on the move in eastern DRC city Uvirapublished at 12:49 GMT
12:49 GMT
Peter Mwai BBC Verify senior journalist
We have verified video showing fighters belonging to the Rwandan-backed M23 rebel group on the move in the eastern Democratic Republic of Congo (DRC), after M23 announced a withdrawal from the city of Uvira in South Kivu province which it seized a week ago.
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The M23 had taken contorl of Uvira despite a ceasefire deal agreed between the governments of Rwanda and DRC and had come under increasing diplomatic pressure to withdraw its forces from the city.
The DRC government has reacted with scepticism, with a spokesperson asking on XL “Where are they going? How many were there? What are they leaving behind in the city? Mass graves? Soldiers disguised as civilians?”
We can’t tell where they are heading, but in the footage we have verified the fighters, together with vehicles, move north past the Uvira police headquarters.
We confirmed where the clips were filmed by matching the distinctively painted road kerbs, buildings and trees to satellite imagery.
The leader of the Alliance Fleuve Congo (AFC), a coalition of rebel groups which includes the M23 group, had announced on Monday that the group would withdraw from the city as a “trust-building measure”.
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It followed a request from the US which has been mediating between the governments of Rwanda and DRC.
The rebels remained present in the city after the announcement but on Wednesday M23 spokesperson Willy Ngoma announced the group had begun withdrawing troops. The group said it intends to complete the withdrawal today, but has warned against militarisation.
