Banking on Blank Check Cos

Fajt, Marissa
July 2009
Mergers & Acquisitions Report;7/20/2009, Vol. 22 Issue 29, p20
The article reports on two deals announced by Global Consumer Acquisition Corp. in July 2009. The special purpose acquisition company (SPAC) agreed to buy Nevada operations from Colonial BancGroup Inc. and Capitol Bancorp Ltd. Global Consumer said it plans to hire experienced bankers and enter into more bank deals such as government-assisted takeovers of failed institutions.


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