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Third Wave Acquisition Corp. has just filed with the SEC to withdraw it proposed inital public offering. You can probably guess why: In light of current market conditions.
This was a special purpose acquisition company, or a SPAC, which is chaired by Starwood Capital Group founder Barry Sternlicht.
Deutsche Bank and UBS were listed as the underwriters in the deal.
Another SPAC IPO bites the dust.
Jon C. Ogg
February 10, 2009
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