LatAm Logistic Properties To Go Public Via 578M SPAC Merger
Portfolio Pulse from Anusuya Lahiri
LatAm Logistic Properties (LLP), a developer, owner, and manager of industrial and logistics real estate in Central and South America, is set to go public via a $578 million SPAC merger with Two (NYSE:TWOA). The combined company will have a post-transaction enterprise value of $578 million. The business combination is expected to close in Q4 2023. Following the merger, the company's shares will trade on the NYSE under the ticker symbol 'LLP'.
August 15, 2023 | 12:53 pm
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Two (NYSE:TWOA) is merging with LatAm Logistic Properties in a $578 million SPAC deal. The combined company will trade under the ticker 'LLP'.
The news of the merger is directly related to Two (NYSE:TWOA) and will likely have a significant impact on its stock price. The merger will result in the combined company trading under a new ticker, which could attract new investors and potentially drive up the stock price. However, the final impact will depend on the market's perception of the merger and the future prospects of the combined company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100