(Bloomberg) Exclusive: Hedge fund Third Point seeks to launch ‘blank-check’ company. The new investment vehicle, referred to on Wall Street as a special purpose acquisition company (SPAC), would be the first of its kind to be raised by an activist hedge fund such as Third Point, which acquires stakes in public companies to pressure them to pursue changes or seek board representation.
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Hedge fund Third Point seeks to launch ‘blank-check’ company – sources
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