ERESU - Insurer Abacus said close to deal with Buffalo Bills owner's SPAC

• Life insurance asset managers Abacus Settlements and Longevity Market Assets are said in discussions to go public through a deal with SPAC East Resources Acquisition Corp. ( NASDAQ: ERESU ).
• The three companies are in talks about a combination that would valued the new company at about $618 million, including debt, according to a Bloomberg report from late Monday.
• Abacus was first formed in 2004 and the company describes itself as a leading buyer of life insurance policies in the U.S, according to its website.
• East Resources ( ERESU ) is a blank-check company backed by the owner of the NFL's Buffalo Bills. Billionaire Bills owner Terry Pegula also owns the NHL's Buffalo Sabres.
• East Resources ( ERESU ) priced its initial public offering of 30M units at $10/unit in July 2020.

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