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Music Has A New $200M Player
The music industry has a new $200 million player after The Music Acquisition Corporation priced its NYSE IPO Tuesday.
The Music Acquisition Corporation offered 20 million IPO units at $10.00 per unit to be listed on the New York Stock Exchange under the symbol TMAC.U. By the close of trading Wednesday the IPO units rose 5% to $10.50 with futures trading slightly higher early Thursday morning
A ‘Blank Check Company’
Led by former long-time Geffen Records President Neil Jacobson, The Music Acquisition Corporation is a blank check company “whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. “
Reliance Marcellus, LLC inks agreement to sell assets of Marcellus shale play of south-western Pennsylvania
Posted On: 2021-02-03 22:57:32 (Time Zone: Arizona, USA)
Reliance Marcellus, LLC ( RMLLC ) a wholly owned subsidiary of Reliance Industries Limited ( RIL ), announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania. These assets, which are currently operated by various affiliates of EQT Corporation ( EQT ), have been agreed to be sold to Northern Oil and Gas, Inc ( NOG ), a Delaware corporation, for a consideration of $250 million cash and warrants that give entitlement to purchase 3.25 million common shares of NOG at an exercise price of $14.00 per common share in next seven years.