Page 18 - Dan Och News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Scott Olson/Getty Images; Ruobing Su/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Seth Klarman added significantly to his SPAC portfolio in the fourth quarter. The billionaire founder of Baupost Group pumped hundreds of millions into blank-check companies. Klarman has now invested in SPACs run by Dan Och, Dragoneer CEO Marc Stad, and more.  Legendary value investor Seth Klarman has found a new favorite bet: SPACs.  The Boston-based billionaire pumped $19...

Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies By Katherine Chiglinsky and Jenny Surane | February 10, 2021 The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to ratchet up their prices and seek ways to control their exposure to SPACs — moves that are making it harder for blank-check firms to get started. �...

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies

With more SPACs on the market, there is more competition for investor dollars and for attractive merger targets. “SPAC offs,” where companies meet with several SPACs in a row and then choose which to merge with, have become commonplace. In some cases, having a celebrity on your side might just clinch a deal. For investors, there are more opportunities, and it’s important not to be dazzled by celebrity star power. Investors are better off focusing on SPACs from sponsors with strong track records from previous ventures, major institutional backing, and compensation aligned with investors...