blank check company
English
Alternative forms
- blank-check company
Noun
blank check company (plural blank check companies)
- A company that exists solely for the purpose of merging with or acquiring another entity.
- 2012 June 20, Michael J. de la Merced, “Burger King Rejoins the Public Markets”, NYTimes.com:
- Burger King is returning to the market through a combination with Justice Holdings, a so-called blank-check company run by Nicolas Berggruen and Martin Franklin. Formally known as a special purpose acquisition vehicle, it is essentially a shell company with a stock listing that aims to find and merge with a privately held corporation. Such entities essentially give private companies a quick and easy way to enter the public markets.
- 2012 June 20, Michael J. de la Merced, “Burger King Rejoins the Public Markets”, NYTimes.com:
References
- “Blank Check Company”, U.S. Securities and Exchange Commission.
Further reading
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