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A special-purpose acquisition company (SPAC; / s p æ k /), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. [1] Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation or ...
In most jurisdictions, a liquidator's powers are defined by statute. [3] Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by the court, by an extraordinary resolution (in a members' voluntary winding up) or the liquidation committee or a meeting of the company's creditors .In the United Kingdom, see sections 165-168 of the ...
The following is a glossary which defines terms used in mergers, acquisitions, and takeovers of companies, whether private or public. Acquisition When one company is taking over controlling interest in another company. Amalgamation When two or more separate companies join together to form one company so that their pooled resources generate ...
Sale of direct interests, secondary directs or synthetic secondaries This category refers to the sale of portfolios of direct investments in operating companies, rather than limited partnership interests in investment funds. These portfolios historically have originated from either corporate development programs or large financial institutions.
It’s known as LL Flooring these days.
His stake in the company was valued at more than $4 billion based on the stock's last closing price of $35.41. Trump said in November that he had no intention of selling his shares in the company ...
(Reuters) -Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a ...