The hottest thing in finance is four letters long. Former NBA star Shaquille O’Neal has one. So does former House Speaker Paul Ryan. Same goes for silver-haired hedge-fund billionaire William Ackman. It’s called a SPAC, and increasingly it is the favorite source of financing for...
Ownership Changes
Fiat Chrysler, PSA Group Merge to Create New Auto-Making Behemoth
Fiat Chrysler Automobiles NV and Peugeot-maker PSA Group cemented their trans-Atlantic merger Saturday, creating Stellantis NV, a global auto-making giant that executives say will have the heft needed to compete in a fast-changing industry. The deal, first agreed to in late 2019 and approved earlier...