 NEW YORK--BUSINESS WIRE--Pershing Square Tontine Holdings, Ltd. NYSE:PSTH today released the following excerpt from CEO Bill Ackmans letter to shareholders contained in the 2021 Pershing Square Holdings, Ltd. Semiannual Financial Statements. Pershing Square Tontine Holdings, Ltd. PSTH The market value of SPACs in general and PSTH, in particular, declined since the beginning of the year, which along with PSTHs failure to consummate the Universal Music Group transaction likely contribut 