Franklin's J2 Acquisition vehicle agrees $2.9bn takeover

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By Aidan Gregory
03 Sep 2019

J2 Acquisition Ltd, a blank cheque company set up by former Jarden Corp chairman Martin Franklin, has signed a multi-billion dollar acquisition deal, almost two years on from its $1.25bn IPO on the London Stock Exchange.

The British Virgin Islands-domiciled special purpose acquisition company (SPAC) has signed an agreement to take over APi Group, a leading US provider of life safety equipment and services, for $2.9bn. The deal is expected to be financed with a mixture of cash, shares, new debt financing, and an ...

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