News & Events - SPACs

  • October 21, 2009

    A typical SPAC must complete its acquisition within 18 months to 2 years, and so the last remaining survivors of the 2007 crop are fighting to stay alive.

  • October 21, 2009

    We’re going to look at two or three deals from The Great SPAC Wave Of 2007-2008.

  • October 13, 2009

    United Refining Energy Corp. (URX) agreed to acquire privately held Chaparral Energy Inc. in a deal the companies valued at $1.8 billion and which would boost the independent oil and gas company's capital.

  • October 05, 2009

    This week kicks off a month’s worth of deal votes guaranteed to keep SPACs’ volume up into November.

  • September 29, 2009

    What's significant now is that investors are approving SPAC acquisitions, rather than reflexively voting "no" and taking back the cash, which is certainly what they would have done a few months ago during the crisis period.

  • September 29, 2009

    Are Special Purpose Acquisition Companies back, or have they never left the scene?

  • September 29, 2009

    Three blank check companies: 2020 ChinaCap Acquiro (AMEX: TTY), NRDC Acquisition (AMEX: NAQ) and Capitol Acquisition Co. (AMEX:CLA), are all trading at or above their trust values prior to their deal votes. This signals growing investor confidence in the targets the SPACs have selected.

  • September 29, 2009

    It is one of the strongest signs yet that deal activity has picked up and investors have regained an appetite for riskier bets.

  • September 23, 2009

    Germany2, a special purpose acquisition company (SPAC), is planning a $400 million sale.

  • September 23, 2009

    REGIAN ACQUISITION CORP. is the first blank check IPO filed this week. ...

  • September 23, 2009

    ...This morning, the company announced a deal to merge with GHL Acquisition(GHQ), an Amex-listed SPAC taken public earlier this year in a dealsponsored by ...

  • September 22, 2009

    This week brings several issues and votes in the special purpose acquisition company sector.

  • September 22, 2009

    GHL Acquisition, the blank-check acquisition company backed by investment bank Greenhill & Co., said Monday that its chief executive resigned so the company could comply with requirements for having its shares listed on the Nasdaq Stock Market.

  • September 17, 2009

    MBF Healthcare Acquisition Corp. amended its merger agreement with Critical Homecare Solutions Holdings and the health care company's private equity owner Kohlberg Investors V. ...

  • September 17, 2009

    A Chicago financial services firm is planning a merger with Dekania Corp., a $100 million SPAC. ...

  • September 15, 2009

    For the first time in more than a year, a special purpose acquisition company, a SPAC, saw its shares broke through their trust value prior to a deal vote.

  • September 15, 2009

    Richard Baker, a big investor in shopping centers and retailers, raised $400 million in 2007 for a "blank-check company" that would buy operating businesses like restaurants and casinos. But he didn't do a deal as the economy fell off a cliff.

  • September 15, 2009

    First up is consummate Texan and legendary dealmaker Thomas Hicks, now chairman of Hicks Acquisition Co. 1 Inc. (AMEX:TOH), a $552 million special purpose acquisition company.

  • September 11, 2009

    GHL Acquisition Corp., a special purpose acquisition company, on Friday said it entered into several agreements with certain shareholders to buy back nearly 1.2 million of its common shares.

  • September 10, 2009

    Sports Properties Acquisition Corp could not finalize the $230 million deal and talks collapsed two days ago.

  • September 08, 2009

    We have seen many significant developments in recent days regarding the field of M&A in form of Special Purpose Acquisition Companies, or SPACs.

  • September 05, 2009

    In a joint launch of the new framework on August 3 2009, the Securities Commission and Bursa expressed the hope that the competitiveness of the Malaysian bourse as an equity-raising and listing destination will be enhanced and that the advent of Spacs, in particular, will not only promote private equity activity but also spur corporate transformation and encourage mergers and acquisitions.

  • September 05, 2009

    GHL Acquisition Corp (GHQ.A: Quote, Profile, Research) on Friday said it reached new agreements to repurchase more than 2.4 million of its shares so it can vote those shares in favor of its proposed takeover of Iridium.

  • September 04, 2009

    Blank-check company Orbit Acquisition Corp withdrew its filing for an initial public offering on Friday, citing "market conditions" in a letter to U.S. regulators.

  • September 02, 2009

    Santa Monica Media Corp. said its shareholders have voted to end its status as a special purpose acquisition company and distribute among the shareholders the assets of an April 2007 initial public offering.