Yes, Risk Is Back Now, With SPACs – WSJ.com
SPACs are back again.
It is one of the strongest signs yet that deal activity has picked up and investors have regained an appetite for riskier bets.
In recent days, a unit of New York investment bank Greenhill & Co. bought Iridium Satellite LLC, the satellite phone operator, for $680 million. And a fund sponsored by Texas investor Thomas Hicks purchased Resolute Natural Resources Co., a Denver-based oil and gas company, in a transaction valued at $582 million.