A blank check vehicle owned by boutique investment bank Greenhill has priced its units in an offering expected to raise $400m (â¬272.5m), as companies raise more money through such flotations for potential takeovers amid tough conditions for other types of acquisition financing.
GHL Acquisition is selling 400,000 units at $10 each. The offering of the units is expected to close on February 21. As is the case with blank check companies, no acquisition target was specified.
