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Blank check company Silver Eagle Acquisition prices IPO at $10, raising $300 million

Posted
7/26/2013 10:14:00 AM
By: Renaissance Capital
Referenced Stocks:EAGLU

Silver Eagle Acquisition, a blank check company focused on acquiring businesses in the media and entertainment industry, raised $300 million on Thursday by offering 30 million units at $10. The Santa Monica, CA-based company had originally filed to offer 25 million units before filing an amendment on Tuesday that increased the number of units to be offered to 30 million. Silver Eagle Acquisition plans to list on the NASDAQ under the symbol "EAGL". Deutsche Bank acted as the sole bookrunner on the deal.