Blank check company Quinpario Acquisition Corp files and sets terms for $150 million IPO

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Quinpario Acquisition Corp, a blank check company focused on acquiring businesses in the specialty chemicals industry, announced terms for its IPO on Wednesday. Quinpario is led by Jeffry Quinn, former CEO of Solutia, a publicly-traded specialty chemical company; Quinn joined Solutia shortly after it had filed for bankruptcy in 2004 and served as CEO until the company was acquired by Eastman Chemical Company for $4.7 billion in 2012.

The St. Louis, MO-based company plans to raise $150 million by offering 15 million units at $10 per unit. Quinpario Acquisition Corp, which was founded in May 2013, plans to list on the NASDAQ and has yet to announce a ticker. PrinceRidge is the sole bookrunner on the deal.





The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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