Today news
About the same in other media
A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space
Reading now: 561
cnbc.comThe red-hot SPAC market could have an ESG problem.
Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in talks to go public via merging with Atlantic Avenue Acquisition Corp, according a person familiar with the matter.
While prison services telecoms are less scrutinized than companies that operate correctional facilities, their for-profit nature and their line of business still typically make ESG-conscious investors shy away. (ESG stands for environmental, social and governance.)
«In a climate focused on ESG, and given criticisms being hurled at SPACs in general, you can see how this combination could become a controversial deal for investors,» said Perrie
Read more on cnbc.comAbout this in other media
The UK hospitality industry needs its own furlough scheme theguardian.com /2 years ago
Texas oil company charged in massive spill off southern California coast theguardian.com /2 years ago
Stocks making the biggest moves midday: Medtronic, Roku, Bloomin' Brands, CMC Materials and more cnbc.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
