Blank check companies still hot

We've noted recently that blank check companies are all the rage, fueled by the involvement of top banks. Now comes news from Financial News Online that Greenhill & Co. has priced shares of a blank check offering that will raise $400 million. Bank of America is underwriting the deal, which would be its second largest blank check deal ever. The issue now is what will the firm, GHL Acquisitions, will invest in? You can bet they have a very short list. Typically, blank check companies have a set period of time to essentially merge with a company. The lack of financing from traditional sources may make these sorts of deals more common. Stay tuned.  

For more:
- here's a Financial News Online article