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The Florida Panthers may score!
If all goes as planned, the National Hockey League team will be picked up by a special purpose acquisition company (SPAC) – also known as a "blank check company" – that boasts a management team including baseball legend Hank Aaron. The acquiring company, Sports Properties Acquisition Corp (AMEX: HMR), which leads to something of a spooky acronym, is rumored to be making a move on the hockey team for $240 million. If this works, the SPAC called SPAC would be one of only a few companies recently to round up investors for this type of deal.
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