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Page 8 - ஒன்றுபட்டது கிஂக்டம் பட்டியல் விதிகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A potential post-Brexit game-changer for London SPAC listings

A potential post-Brexit game-changer for London SPAC listings 20 May 2021 A potential post-Brexit game-changer for London SPAC listings Mooted rule changes to facilitate SPACs seek to give the City a boost while avoiding a race to the bottom, explains Marcus Young Shutterstock In the corporate world, one of the buzzwords of the past year has been SPACs – short for special purpose acquisition vehicles. In a nutshell, SPACs are publicly traded companies formed for the purpose of effecting an acquisition of one or more businesses. The SPAC structure has been around for decades; but exploded in popularity in the US during the Covid-19 pandemic as their advantages – primarily speed and increased deal certainty – made them the structure of choice in volatile markets. 

FCA Consults on UK Investor Protection Rules for SPACs

Wednesday, May 19, 2021 Until the last month, the market in the U.S. for special purpose acquisition company (“ SPAC”) IPOs has been booming. For example, in the first three months of 2021, there were 298 IPOs of U.S. SPACs, which raised in aggregate $87.07 billion. That booming market has not included the UK, where during the same period, there were no SPAC IPOs. U.S. and UK SPAC terms differ in 2 key respects: in the U.S., SPAC investors are entitled to redeem their entire investment (UK investors are given no right to redeem their shares) at the time of the initial business combination, regardless of whether they vote in favor of the transaction; and

Ferguson PLC Announces Results for the Three Months Ended April 30, 2021

Ferguson PLC Announces Results for the Three Months Ended April 30, 2021
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