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It seems like everybody who's anybody is hatching a SPAC these days, and for good reason. They could get very rich very fast.
Veteran CEOs, renowned dealmakers and even celebrities have convinced public investors to give them hundreds of millions of dollars to buy businesses through special-purpose acquisition companies.
Among the Chicago business luminaries announcing or completing SPAC deals in the past several weeks are former Walgreens CEO Greg Wasson, tech CEO and investor Sam Yagan and marijuana mogul Joe Caltabiano. They join billionaire real estate investor Sam Zell, Chicago Cubs Chairman Tom Ricketts and former Boeing CEO Dennis Muilenburg.