Investors in restaurants chains have come up with a new financial gimmick designed to acquire restaurants chains. So-called “blank check” acquisition companies, or officially “special purpose acquisition companies” (SPACs), set up a multimillion-dollar target, then go public on the New York Stock Exchange. The company then has two years to make an acquisition or dissolve….
Several Well-Known Chain Execs Behind Two “Blank Check” M&A Start-Ups
