SPAC
Update on SPACs from M&A Journal
By David Feldman at 6 October, 2008, 9:22 am
I got permission from Jonathan Marino of M&A Journal to reprint the below article he wrote. You can also find it at: http://www.mergersunleashed.com/news/186252-1.html
SPACs Brace for Hedge Fund Industry Shrinkage
Unwinding positions could hamper SPAC backlog; mid-market companies
eyeing blank-check exits may find opportunities dwindling in near-term.
By JONATHAN MARINO
October 3, 2008
Citigroup’s Old Lane hedge fund, which took several [...]
Goldman Cancels its SPAC
By David Feldman at 30 May, 2008, 8:20 am
Sad news yesterday for the SPAC world. According to yesterday’s Wall Street Journal, because the IPO of Goldman Sachs’ planned SPAC, Liberty Lane Acquisition Corp., failed to price, the SPAC announced that it had canceled its proposed IPO due to market conditions.
Originally Goldman had hoped to start trading Liberty Lane’s stock last week, then they [...]
Where is the next China?
By David Feldman at 24 May, 2008, 8:15 am
To paraphrase Garrett Morris on the original Saturday Night Live, the People’s Republic of China has been very, very good to the reverse merger and SPAC world. In 2007 about one quarter of all reverse mergers involved companies from China going public through a merger with a US shell. According to the Reverse Merger Report, [...]
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