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  • Kiplinger

    6 SPACs to Buy for 'Smart Money' Returns

    Aug 03, 2020 2 minutes

    The special purpose acquisition company (SPAC) might be the hot new trend, but it has been around since the 1980s.

    SPACs are often referred to as "blank check" companies because investors get nothing but a best-efforts agreement from the sponsors' management team that it will combine with an operating business within a specific time frame, usually 18 to

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