| ||||||||||||||||||||||
| ||||||||||||||||||||||
Entries tagged "SPAC"SPAC attack, new or old?Are special purpose acquisition companies back, as The Wall Street Journal suggests, or have they never left the scene? Where's the dealmaker now: Thomas HicksFor The Deal's 10th anniversary, we will be checking back with some of the big names on our top 50 dealmakers' list and taking a look at what they're up to now. It's 'do or die' for 2007 class of SPACsThe clock is ticking on the SPACs that went public in 2007 to do a deal or face liquidation. SPAC may buy NHL's PanthersSpecial purpose acquisition company Sports Properties Acquisition Corp. AMEX:HMR) is reportedly in talks to buy the Panthers. M&A Outlook 2009: Goldstein on SPACsPhillip Goldstein, a principal at hedge fund Bulldog Investors, was the keynote interview at The Deal's M&A Outlook 2009 conference. In this video Goldstein says there is a lot of activism in SPACs in this market because there is "virtually no chance of getting a deal done." See the video after the break. - Maria Woehr... Hicks' SPAC and Blackstone in $3.2B Graham Packaging dealWith backing from the Blackstone Group LP, Hicks Acquisition Co. I Inc. has closed the largest ever SPAC combination with an industrial company with a $3.2 billion merger with Graham Packaging Holdings Co. ... Navios Maritime SPAC floats on NYSEAs reported earlier in the week, a glimmer of hope emerged for investors anticipating a revival of special purpose acquisition company offerings as three new SPACs registered for offerings over the past two weeks, marking the first new activity since April, according to Dealflow Media's SPAC report. Now, one of those SPACs, Navios Maritime Acquisition Corp. successfully floated on the New York Stock Exchange. ... SPAC watchers get a glimmer of hopeA glimmer of hope emerged last week for investors hoping for a revival of special purpose acquisition company offerings this year as three new SPACs registered for offerings over the past two weeks, marking the first new activity since April, according to Dealflow Media's SPAC report.... SPAC Polaris in $700M deal for Apollo's Hughes TelematicsPolaris Acquisition Corp., a blank-check company, has agreed to an all-stock deal worth nearly $700 million for private equity-backed automotive telematics company Hughes Telematics Inc. The deal affords the Atlanta-based target $140 million in working capital, in addition to $90 million already provided by majority owner Apollo Management LP, according to a statement Monday. Apollo, a New York-based private equity firm, will maintain its stake in the target and has agreed, along with management and other shareholders, to a two-year lock-up agreement. Polaris founders have a one-year lock-up.... SPACs look at gaining shareholder approvalDLA Piper's Jack Kantrowitz spoke at Dealflow Media's SPAC Conference 2008 on the best ways to position a SPAC for a successful vote by shareholders on a business combination. ... How SPAC managers navigate potential conflict-of-interest issuesAt the Dealflow Media SPAC Conference 2008, Joel Rubenstein, a lawyer with McDermott Will & Emory, walked the audience through the perilous "conflict of interest" waters that dealmakers managing a SPAC typically must navigate.... Have SPACs jumped the shark?At Dealflow Media's SPAC Conference 2008, Phil Goldstein, founder of hedge fund Bulldog Investors, sank his teeth into the question of whether "SPACs have jumped the shark."... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "SPAC." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| ||||||||||||||||||||||
| ||||||||||||||||||||||
