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SPAC Going Operational: Marathon Acquisition & Global Ship Lease (MAQ)
Marathon Acquisition Corp. (
AMEX: MAQ, MAQ.U, MAQ.WS), special purpose acquisition company, or SPAC, has announced that it will effect a merger with Global Ship Lease in order to become an operation entity. This is a rather large SPAC deal too as this values Marathon at approximately $1 Billion. Global Ship Lease is a rapidly growing containership charter owner and is currently a subsidiary of CMA CGM S.A. of France, the world's third largest container shipping company. Global Ship Lease is incorporated in the Marshall Islands, and it commenced operations in December 2007 to own and charter out containerships under long-term,...
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