Eni Weighs Listing SPAC to Target Clean-Energy Deal

Glencore said the terms include Glencore receiving $1.1 billion, as originally agreed in a March deal, but with amended payment terms of $775 million in cash and up to $100 million common equity.

A transaction could value the combined company at several hundred million dollars.

Aerospace private equity firm AE Industrial Partners (AEI) announced last month that it had reached an agreement to acquire a “significant stake” in Firefly after its largest shareholder, Ukrainian Max Polyakov, was forced to sell his shares over national security concerns. A recent FCC filing provides new details of the deal, including that it involves a special purpose acquisition vehicle.

Credit Suisse Group AG is reaping the rewards from a spree of SPACs, The Wall Street Journal reports. Leading the charge is a veteran banker who was among the first to bring SPACs to Wall Street 15 years ago.