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Exclusive: Landry’s and Jefferies CEOs to launch acquisition company – sources

The SPAC will be called Landcadia, a combination of the names Landry's and Leucadia, and plans to raise as much as $300 million in an initial public offering (IPO), the people said. SPACs, also known as blank-check acquisition companies, have no assets but use IPO proceeds, together with bank financing, to buy other companies and boost their value through operational improvements.

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Exclusive: Landry’s and Jefferies CEOs to launch acquisition company – sources