Bill Ackman announced on Saturday that his management company would leave Delaware to reincorporate in Nevada.

Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his management company in Nevada.

Billionaire investor Bill Ackman announced that his investment firm, Pershing Square, is reincorporating in Nevada, signaling a broader trend of businesses moving away from Delaware. Ackman confirmed the decision on X,

Billionaire hedge fund manager Bill Ackman said on Saturday his management company is reincorporating in Nevada, joining a small but growing list of companies exiting Delaware.  "We are reincorporating our management company in Nevada for the same reason,

We are reincorporating our management company in Nevada,” billionaire hedge fund manager Bill Ackman said on X in a reply to a post about companies leaving Delaware.