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Bill Ackman Is Still Playing the SPAC Market — Just on His Terms

(Bloomberg) -- When billionaire investor Bill Ackman first proposed his riff on the SPAC — he wanted to slap an R in the middle of the acronym — few cared on Wall Street. This was mid-2021 and the SPAC market, where investors hand cash to a dealmaker hunting for a company to acquire, was just months removed from peak mania. So bankers weren’t too interested in contemplating a new flavor of SPAC that would add a layer of complexity.Most Read from BloombergBiden Vows Aid for G...
United States Usha Rodrigues Bloomberg Businessweek Matthew Tuttle Bill Ackman Pershing Square
Source: yahoo.com

nclt: NCLT admits insolvency plea against Supertech ORB

Supertech ORB, a real estate company constructing luxury apartments in Delhi-NCR, has been admitted for bankruptcy resolution. This could lead to a delay in possession for homebuyers. The companys other project, along the Noida-Greater Noida Expressway, has already faced setbacks due to faulty construction. The Allahabad National Company Law Tribunal has appointed an interim resolution professional for Supertech ORB. The companys promoter is currently in jail on charges of money laundering and c...
Uttar Pradesh Shailendra Ajmera Supertech Ltd Union Bank Reconstruction Company Go Airlines

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