Bear Stearns Bulls it Up...
Really, Schwartz??? Three SPACs filed this week, all within two days of one another? Guess you decided to step it up beyond being a piddly co-manager to the right of Lazard of all things (MVC Acquisition Corp). Welcome to the show, bruh.
Nice take. Fees from $800 million worth of SPACs ($28 million!!) should help cover some of that, what, missing 50% of market value lost since last June? Hopefully the loss of Louis P. Friedman, your beloved chairman of mergers and acquisitions won't put a dent in the ability of these guys to actually get a deal done.
The "Bear" cubs:
Market Street Acquisition Corp -- $350 million
Oasis Group -- $300 million
Sidhu Special Purpose Capital Corp -- $150 million
Update 3/17/08: It wasn't our fault, we swear.
Nice take. Fees from $800 million worth of SPACs ($28 million!!) should help cover some of that, what, missing 50% of market value lost since last June? Hopefully the loss of Louis P. Friedman, your beloved chairman of mergers and acquisitions won't put a dent in the ability of these guys to actually get a deal done.
The "Bear" cubs:
Market Street Acquisition Corp -- $350 million
Oasis Group -- $300 million
Sidhu Special Purpose Capital Corp -- $150 million
Update 3/17/08: It wasn't our fault, we swear.
Labels: Commentary, Investment Banks, News
posted by SPAC Information at
5:53 PM
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