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WASHINGTON/NEW YORK (Reuters) - While the blank-check deals market reached new heights this week with Grab Holdings’ record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals.
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid/File Photo
Southeast Asia’s largest ride-hailing and food delivery firm on Tuesday clinched a merger with special purpose acquisition company, or SPAC, Altimeter Growth Corp, paving the way for a U.S. listing and the biggest-ever blank-check company deal.
Analysis: As U S watchdog steps up scrutiny, Grab deal signals blank-check party peak
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Exclusive: Ingersoll Rand nears $1 7 billion deal to sell golf cart business to Platinum Equity - sources
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