The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion, the record for a type of deal that has become all the rage on Wall Street.
United Wholesale Mortgage plans to combine with Gores Holdings IV Inc., a SPAC that raised $425 million in a public listing in January, people familiar with the matter said. The deal will make United Wholesale Mortgage a public company listed on Nasdaq.
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This sounds like trouble the moment you read ‘blank cheque’
Sounds like a bubble waiting to burst.
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WSJ News Exclusive | Chinese Leaders Split Over Releasing Blacklist of U.S. CompaniesBeijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait till after the U.S. election. Can China revoke all of IvankaTrump's Chinese patents? Now that he's bankrupted so many American farmers with his China 'tariffs', he can get a taste of his own medicine. Surely somewhere someone is offended by this headline In a trade war China loses. They can dump all the US Treasuries they want, but in the end 2 billion Chinese need to be fed daily vs. 328 million Americans. End if story. All show and tell. In CCP we trust? I think in God we trust - the Yuan is worthless tomorrow.
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