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Drained of Cash, Buffalo Bills Owner's SPAC Closes in on a Deal

Abacus Life is pushing ahead with a merger with Pegula’s East Resources Acquisition Co., despite the fact that 92 percent of shareholders in the SPAC have swapped their stock for their money back.

Drained of Cash, Buffalo Bills Owner's SPAC Closes In on a Deal

(Bloomberg) The cachet of Terry Pegula, owner of the National Football League’s Buffalo Bills, is such that even after his blank-check company returned the bulk of its cash to shareholders, it’s still an attractive deal partner. Most Read from BloombergPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureQatar Group Now Confident of Winning Manchester United RaceSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineUBS Preparing to Cut Over Half of Credit Suisse WorkforceSweden P

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