Thursday, November 22, 2007

Starwood's Sternlicht seeks to surf SPAC wave

IPO Filing Floodgates: Third Wave Acquisition Corp. (TWV)

Third Wave Acquisition Corp. has filed for an initial public offering to sell 35,000,000 million units to raise $350 million, with each unit consisting of one share and one warrant. Deutsche Bank Securities is listed as the sole lead managing underwriter as of the filing. This is another special purpose acquisition company (or "SPAC") that intends to acquire or merge with an outside company. Its proposed ticker is "TWV" on the American Stock Exchange.

Read more >>> 24/7 Wall St. article