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Schafer: Why 'blank check' companies are all the rage


Back before Omar Ishrak retired last year as the chief executive of Medtronic PLC, run out of Fridley, it s unlikely the board ever gave him $15 million to buy whatever he wanted.
Yet Medtronic seems ready to give that to him now that he s the co-founder and chairman of the board of something called Compute Health Acquisition Corp.
What Compute Health will do with Medtronic s money can t be known, because this is a special purpose acquisition company, usually called a SPAC or a blank check company.
It s going public without a business, so there s nothing to analyze or carefully weigh against any other alternatives for Medtronic s $15 million. ....

Winthrop Weinstine , Berkshire Hathaway Warren Buffett , Omar Ishrak , Phil Colton , Trevor Milton , Vectoiq Acquisition Corp , Health Acquisition Corp , Cola Co , Compute Health Acquisition , Compute Health , Berkshire Hathaway , Warren Buffett , பெர்க்ஷயர் ஹாத்வே வாரன் பஃபெட் , பில் கோல்டன் , ட்ரெவர் மில்டன் , ஆரோக்கியம் கையகப்படுத்தல் கார்ப் , கோலா இணை , கணக்கிடு ஆரோக்கியம் கையகப்படுத்தல் , கணக்கிடு ஆரோக்கியம் , பெர்க்ஷயர் ஹாத்வே , வாரன் பஃபெட் ,