A SPAC that went splat - Fortune Magazine
How ex-Apple CEO Gil Amelio raised $173 million - and lost almost all of it.
Normally investors make decisions based on close evaluation of the fundamentals underlying a company. In a SPAC, or special-purpose acquisition corporation, popular Wall Street vehicles whose organizers raise money to spend on yet-to-be-determined [...]
A SPAC that went splat
March 21st, 2008 · No Comments
Tags: mergers/acquisitions
