The company Wilbur Ross (Trades, Portfolio)’s WL Ross Holding Corp. announced plans to merge with in March will begin trading on the Nasdaq on Friday.
Per the agreement, WL Ross Holding Corp., a special purpose acquisition company sponsored by an affiliate of WL Ross & Co., would buy and change its name to Nexeo Solutions. The deal, valued at $1.58 billion, or $10 per share and 35 million WL Ross shares, closed Thursday. The private company is expected to go public Friday with the ticker symbols NXEO, NXEOU and NEOW. Continue Reading »