Blue Bird Sale Again

[davidbrady]

Hennessy is a blank check company. It was created by a few and funded by a group of investors and it went public in a late 2013 IPO even though they own nothing and produce nothing. Their sole purpose was to find a company to merge with. Once the merger finalizes, the publicly traded Hennessy goes away and in its place is a publicly traded Blue Bird. It's an alternative to private equity. In this case, a group of private investors take a privately held company public overnight! Do any of you feel like investing in Blue Bird? I'm pretty sure the Hennessy general partners are long gone with their 20% fees...