Topic
SPACs
324 published works
M & A Law Prof Blog
Endeavor and the Troubling Pursuits of SPACs
Today's DealBook has a funny/interesting post about the special purpose acquisition company (SPAC) Endeavor Acquisition, which has agreed to buy American Apparel for $385 million. Endeavor today filed the preliminary…
M & A Law Prof Blog
Back to the Future
The N.Y. Times today has an article on SPACs -- the acronym stands for special purpose acquisition companies. These are blank check companies making initial public offerings specifically for the…
Securities Law Prof Blog
SPACs the Next Big Thing?
Blank check companies, also known as Special Purpose Acquisition Companies (SPACs), are in the news today. Twenty of them have done IPOs so far in 2007, raising $2.1 billion. They…
Securities Law Prof Blog
Blank Check Offerings on the Decline
In the past two years, "blank check," or less perjoratively, special-purpose acquisition company (SPAC), offerings have gained respectability and increased in number, but the offerings are now declining. See WSJ,…