Mergers acquisitions and international financial regulation: analysing special purpose acquisition companies

By:

D'Alvia, Daniele

Material type: Text

TextPublication details: Routledge New York 2022Description: xxx, 225 pISBN:

9780367609863

Subject(s):

DDC classification:

658.162 DAL

Summary: This is a much-needed work in the financial literature, and it is the first book ever to analyse the use of Special Purpose Acquisition Companies (SPACs) from a theoretical and practical perspective. By the end of 2020, more than 240 SPACs were listed in the US (on NASDAQ or the NYSE), raising a record $83 billion. The SPAC craze has been shaking the US for months, mainly because of its simplicity: a bunch of investors decides to buy shares at a fixed price in a company that initially has no assets. In this way, a SPAC, also known as a "blank check company", is created as an empty shell with lots of money to spend on a corporate shopping spree. Could the trend be here to stay? Are SPACs the new legitimate path to traditional IPO? This book tackles those questions and more. The author provides a thorough analysis of SPACs including their legal framework and how they are used as a risk mitigation tool to structure transactions. The main objectives of the book are focused on finding a working definition for SPACs and theorising on their origins, definition, and evolution; identifying the objectives of financial regulation within the context of the recent financial crisis (2007-2010) and the one that is currently unfolding (Covid-19); and also describing practical examples of SPACs through a comparative study that, for the first time, outlines every major capital market on which SPACs are listed, in order to identify a possible international standard of regulation. The book is relevant to academics as well as policymakers, international financial regulators, corporate finance lawyers as well as to the financial industry tout court.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode	Item holds
Book	Bodh Gaya General Stacks	F&A	658.162 DAL (Browse shelf(Opens below))	1	Available		IIMG-004136
Book	Jammu General Stacks	Non-fiction	658.162 DAL (Browse shelf(Opens below))		Available		IIMJ-5681

Total holds: 0

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Previous	658.1599 MOF Fundamentals of multinational finance	658.16 SIR Synergy solution : how companies win the mergers and acquisitions game	658.162 ADV Advances in mergers and acquisitions	658.162 DAL Mergers acquisitions and international financial regulation: analysing special purpose acquisition companies	658.162 DEP Mergers, Acquisitions, And other restructuring Activities : an integrated approach to process, tools, cases, and solutions	658.162 SNO Mergers and acquisitions for dummies	658.18 LEE Business & marketing across cultures	Next

Table of Contents Introduction 1 Against debt: the remarkable story of SPACs 2 Towards a definition of SPACs: origin, limits and perspectives of SPACs in the US 3 SPACs between risk and uncertainty, and the role of the law 4 The international f inancial regulation of SPACs 5 De-SPAC: M&As, regulatory oversight, and securities litigation 6 SPACs: law, uncertainty and the market

This is a much-needed work in the financial literature, and it is the first book ever to analyse the use of Special Purpose Acquisition Companies (SPACs) from a theoretical and practical perspective. By the end of 2020, more than 240 SPACs were listed in the US (on NASDAQ or the NYSE), raising a record $83 billion. The SPAC craze has been shaking the US for months, mainly because of its simplicity: a bunch of investors decides to buy shares at a fixed price in a company that initially has no assets. In this way, a SPAC, also known as a "blank check company", is created as an empty shell with lots of money to spend on a corporate shopping spree. Could the trend be here to stay? Are SPACs the new legitimate path to traditional IPO? This book tackles those questions and more. The author provides a thorough analysis of SPACs including their legal framework and how they are used as a risk mitigation tool to structure transactions. The main objectives of the book are focused on finding a working definition for SPACs and theorising on their origins, definition, and evolution; identifying the objectives of financial regulation within the context of the recent financial crisis (2007-2010) and the one that is currently unfolding (Covid-19); and also describing practical examples of SPACs through a comparative study that, for the first time, outlines every major capital market on which SPACs are listed, in order to identify a possible international standard of regulation. The book is relevant to academics as well as policymakers, international financial regulators, corporate finance lawyers as well as to the financial industry tout court.

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