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BVTV: Zegna SPAC stitch up

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Italian suit-maker Zegna secured an extra $125 million in funding ahead of a merger with a blank-check firm to backstop investors who might withdraw their money. It stands in contrast with BuzzFeed’s recent SPAC deal. Jennifer Saba explains why having cash is a show of confidence.

#Zegna #Buzzfeed #News #Reuters

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World
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