Blank Check Is Now Good Forever -- But at a Price

Fajt, Marissa
November 2009
American Banker;11/17/2009, Vol. 174 Issue 207, p1
Trade Publication
The article discusses blank-check companies in the U.S. Global Consumer Acquisition Corp., which went public in 2007, had until November 27, 2009 to complete an acquisition deal or to dissolve itself. However, stockholders eliminated the deadline which, according to Floyd Wittlin of Bingham McCutchen LLP, is extremely rare.


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