Spacs find "nice marriage" in New York

Author: Lynann Butkiewicz | Published: 30 May 2008

The New York Stock Exchange's announcement that it will list Special Purpose Acquisition Companies (Spacs) could lure investors back to the US and legitimise the investment entity.

The NYSE will begin listing blank-check initial public offerings (IPOs) or Spacs alongside its merger partner Euronext. Lawyers say the exchange's size and credibility, despite some extra legal requirements, could lead to an acceleration of these companies in...