Posts for Ticker ‘EST’

Long-Past SPAC Deals Reach Back for Warrants, More Deal News (SGS, HOL, EST, CIO, PAX, TMI, CFQCF)

We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning.  Stream Global Services (AMEX: SGS), the business outsourcer brought public through SPAC Global BPO Services Co., has launched an offer to buy back its warrants from its blank check merger. As more than a dozen SPAC targets have leaped past their blank check’s IPO value, it is expected that investors will clamor to buy up warrants that offer big discounts on rising stock and that the companies affiliated with those blank checks will set out to curb dilution through buybacks.

Friday, China Holdings Acquisition Co. (AMEX: HOL) will have its deal vote to bring ceramic tile maker Jinjiang Hengda Ceramics Co., Ltd. The SPAC, earlier this week, entered into an agreement with forward contract champ Victory Park Capital Advisors to buy back 4 million shares at a small premium. The $150 million SPAC joins a long list of successful blank checks from this fall—among them, REIT-targeting vehicles Enterprise Acquisition Co. (AMEX: EST)—that used forward contracts to get their deals done.
Read More »

Posted on: November 18, 2009 – 8:50 am in IPOs, Mergers and Buy Outs, Private Equity, , , , , , ,

Many Key SPACs on Deck (PAX, TOH, EST, TCW, CFQCF, GQN, NSAQ, CIO)

We have been given some exclusive data from SPACupdate.com on the progress of many blank check and special purpose acquisition companies which their targets and relevant trading data. Prospect Acquisition Co. (AMEX: PAX), Hicks Acquisition Co. (AMEX: TOH), Enterprise Acquisition Co. (AMEX: EST), Triplecrown Acquisition Co. (AMEX: TCW), China Fundamental Acquisition Co. (OTC: CFQCF), Global Brands Acquisition Co. (AMEX: GQN), North Shore Acquisition Co. (OTC: NSAQ), and Asia Special Situation Acquisition Co. (AMEX: CIO) all have very recent or pending data important for SPAC and special situations investing.
Read More »

Posted on: November 13, 2009 – 9:23 am in Mergers and Buy Outs, Private Equity, , , , , , , ,

Key SPAC Deals on Deck (HLD, EST, NAQ, CLA)

SPACupdate.com has been bringing 24/7 Wall Street waves of data on the resurgence of special purpose acquisition companies, or SPACs.   After a string of successful mergers, two coming to vote by the end of this week will try to build on the prior successes of real estate SPACs.  Secure America Acquisition Co. (AMEX: HLD) is set to vote and Enterprise Acquisition Co. (AMEX: EST) hopes to follow a similar path of NRDC Acquisition Co. (AMEX: NAQ) and Capitol Acquisition Co. (AMEX: CLA).
Read More »

Posted on: October 28, 2009 – 9:42 am in Mergers and Buy Outs, Private Equity, , , ,

SPAC Votes Coming (TTY, EDS, NAQ, CLA, EST, TCW)

SPACupdate.com has provided 24/7 Wall Street with some exclusive coverage on key issues coming up in the realm of special purpose acquisition companies.  2020 ChinaCap Acquirco (NASDAQ: TTY; NASDAQ: EDS) is on deck for its deal vote. NRDC Acquisition Co. (AMEX: NAQ) is adopting a REIT-strategy that differs from what was seen in Capitol Acquisition Co. (AMEX: CLA) or Enterprise Acquisition Co. (AMEX: EST).  Triplecrown Acquisition Co. (AMEX: TCW) also has a vote coming up.  More detailed information is provided below on each company.
Read More »

Posted on: October 19, 2009 – 9:40 am in Activist Investor, Mergers and Buy Outs, Private Equity, , , , , ,

Stocks on 52-Week Highs (APSG, AZO, EST, ORLY, SCOP, TIL)

money-stack-image7The stock market may be hitting lows not seen in more than a decade.  What is amazing is that there are actually several companies hitting 52-week highs today.  Companies featured are Applied Signal Tech (NASDAQ: APSG), AutoZone Inc. (NYSE: AZO), Enterprise Acquisition Corp. (EST), O’Reilly Automotive (NASDAQ: ORLY), Scopus Video Networks Ltd. (NASDAQ: SCOP), and Trans-India Acquisition Corp. (TIL).
Read More »

Posted on: March 3, 2009 – 1:00 pm in HI/LOW, Trading Alert, , , , , ,

SPAC Going Operational: Enterprise Acquisition Corp. (EST)

It looks like another SPAC is going operational. Enterprise Acquisition Corp. (AMEX: EST) has agreed to acquire WF Capital Holding Inc., which is a private company and the parent company of Workflow Management Inc. for $179 million in stock.  Workflow will also buy two unnamed firms in the
marketing and promotional services business sector for terms that are not yet disclosed.  The surviving company will be called Workflow Corp. and the surviving business will be run by current management.

Read More »

Posted on: August 25, 2008 – 8:01 am in IPOs, Mergers and Buy Outs,