What do ex-Notre Dame coach Lou Holtz and former Vice President
Dan Quayle have in common? From the surface, it looks like absolutely nothing.
One is a legendary college football coach, the other a boyish-looking vice
president to the first George Bush, who was ridiculed by media as an
intellectual lightweight. However, the two are reportedly involved in an
initial public offering anticipated to take in an estimated $500 million for
the second-largest IPO of a blank-check company. The company is Palm
Desert-based Heckmann Corp., which plans to sell 62.5 million shares for $8 a
share, according to a Securities and Exchange Commission filing on June
26. Blank-check companies, also known as special-purpose acquisition
companies, have no operations and are funded through an IPO to acquire other
companies. —Gerald Magpily
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story from the Los Angeles Times
Comments
If I were to do this but was not successful, and went bankrupt, does that mean I and my co. would keep the 80 million and go about our/my business on the East Coast or the beach????? See you there Mr. Bush!!