This is a great strategy for private companies to quickly go public and avoid all the hassle of IPOs etc..
The Tile Shop, a retailer of high-end tiling, agreed on Wednesday to merge with a so-called blank-check company in a move to go public.
Under the terms of the deal, Tile Shop will merge with the JWC Acquisition Corporation, a special purpose acquisition company formed under the auspices of theprivate equity firm J.W. Childs, in a transaction valued at about $500 million.
- Burger King Rejoins the Public Markets – NYTimes.com (nadernazemi.com)