blank check company

English

blank check company (plural blank check companies)

A company that exists solely for the purpose of merging with or acquiring another entity.
- 2012 June 20, Michael J. de la Merced, “Burger King Rejoins the Public Markets”, NYTimes.com:
  Burger King is returning to the market through a combination with Justice Holdings, a so-called blank-check company run by Nicolas Berggruen and Martin Franklin. Formally known as a special purpose acquisition vehicle, it is essentially a shell company with a stock listing that aims to find and merge with a privately held corporation. Such entities essentially give private companies a quick and easy way to enter the public markets.

单词	blank check company
释义	blank check company English Alternative forms blank-check company Noun blank check company (plural blank check companies) A company that exists solely for the purpose of merging with or acquiring another entity. 2012 June 20, Michael J. de la Merced, “Burger King Rejoins the Public Markets”, NYTimes.com: Burger King is returning to the market through a combination with Justice Holdings, a so-called blank-check company run by Nicolas Berggruen and Martin Franklin. Formally known as a special purpose acquisition vehicle, it is essentially a shell company with a stock listing that aims to find and merge with a privately held corporation. Such entities essentially give private companies a quick and easy way to enter the public markets. References “Blank Check Company”, U.S. Securities and Exchange Commission. Further reading blank check company on Wikipedia.Wikipedia
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