Billionaire hedge fund manager Bill Ackman has announced that his management company, Pershing Square Capital, will be reincorporated in Nevada. This move is part of a growing trend of companies leaving Delaware for other states.
In a statement on Saturday, Ackman said that the decision to reincorporate was made after careful consideration and evaluation of various options. No further details about the reasons behind this decision were provided.
This development comes as Pershing Square Capital joins a small but increasing number of companies, including some major corporations, which have opted to re-incorporate in Nevada or other states in recent years.
Source: https://seekingalpha.com/news/4401699-bill-ackmans-management-company-to-move-incorporation-from-delaware-to-nevada