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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (1365)11/24/2007 12:14:41 AM
From: Buckey  Read Replies (1) | Respond to of 3862
 
see a lot of people have money to throw at these things . This is not chicken meal these are $200 Million deals every time. Thats a lot of money



To: Glenn Petersen who wrote (1365)12/21/2007 10:20:42 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
Aldabra 2, which is acquiring the paper and packaging assets of Boise Cascade gets a mention in Gene Marcial's "Inside Wall Street" column:

Aldabra: A Nose for Acquisitions

"Special-purpose acquisition companies" (SPACs), formed specifically to buy other companies, can be big investment wins if they buy attractive assets. One with home run potential is Aldabra 2 Acquisition (AII), which trades on the American Stock Exchange at 9.77 a share. It is buying the paper and packaging assets of Boise Cascade from the private equity firm Madison Dearborn Partners. OfficeMax (OMX), a big Boise customer, and Dearborn will own 40% of Aldabra when the $1.7 billion deal closes in February. Steven Eick of Forest Investment Management, which owns 3.2%, values Aldabra at $20 a share based on projected 2008 EBITDA of $4.90 a share. Mickey Schleien of Ladenburg Thalmann Financial Services (LTS) figures a boost in output and possible listing on the Big Board could help lift Aldabra's stock.

Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.

—By Gene Marcial

us.rd.yahoo.com*http://www.businessweek.com/magazine/content/07_53/c4065insidewal605541.htm?campaign_id=yhoo