Merger activity decreased with one new deal announced, eight deals closing, and one deal falling apart.
Deal Statistics:
New Deals:
We did not have any traditional mergers or acquisitions announced last week, and the only deal inked was the merger of a special purpose acquisition company ((SPAC)), Leisure Acquisition (LACQ), with the operating company GTWY Holdings Limited in a one-for-one share exchange. The enterprise value of the combined entity is expected to be $1.115 billion. SPACs or blank check companies are publicly traded companies with no operations of their own. They are set up to