Hedge funds don’t sign blank checks

[staff]

Hedge funds donââ,¬â,,¢t sign blank checks
      

With more traditional offerings sitting out today’s choppy markets, some of the hottest recent IPOs have been from so-called blank check companies. These special purpose acquisition companies, or SPACs, float shares to fund acquisitions — a strategy that looks promising as credit woes sideline more leveraged buyers like private equity.
But popularity may come at a [...]
         

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