Third Wave SPAC IPO Dies Before Launch

Banking, finance, and taxes

Published: February 10, 2009 5:12 pm

Last Updated: March 25, 2020 2:34 pm

Third Wave Acquisition Corp. has just filed with the SEC to withdraw it proposed inital public offering. You can probably guess why: In light of current market conditions.

This was a special purpose acquisition company, or a SPAC, which is chaired by Starwood Capital Group founder Barry Sternlicht.

Deutsche Bank and UBS were listed as the underwriters in the deal.

Another SPAC IPO bites the dust.

Jon C. Ogg
February 10, 2009

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.