Warren Buffett Piles on SPACs and CF Finance Lowers Deal Valuation
Warren Buffett Piles on SPACs and CF Finance Lowers Deal Valuation It was a bad day for SPACs as Warren Buffett piled on SPACs; CF Finance lowered their deal valuation with AEye; and today's MAAC deal had no pop. Author: May 3, 2021 ** Stocks were mixed on Monday, the S&P500 was up / NASDAQ down, though this morning's SPAC M&A deal (MAAC) once again underperformed. MAAC closed up just 0.9% and below NAV at $9.95 -- marking yet another disappointing day-1 pop for newly announced SPAC M&A. Warren Buffett and Charlie Munger held Berkshire Hathaway's much watched virtual annual meeting over t...
Source: thestreet.com