JWC Acquisition (JWC)

Clusterstock  Dec 10  Comment 
Lloyd's of London, the world's most prestigious insurer, operates a group called the Joint War Committee. It's in charge of determining the most dangerous ports, shipping lanes and coastlines in the world. Earlier this year, the JWC updated...


JWCAcquisition (NYSE:JWC) is a blank check company was created with the intent to find a potential merger, asset acquisition, or reorganization. A blank check company is a company which was created without a specific business plan or whose business plan is to merge or acquire an unidentified company.[1]

JWC has not yet identified or announced any business targets, but expects to look for a company which has 5 general characteristics in a company: a middle market business between $300M and $1B, a strong industry position, revenue and net income potential, strong cash flow, and an experienced management team.[2]

The company's initial public offering of stock on the NYSE and occurred on November 17, 2010. The company offered 12.5M shares each for $10. The goal of the IPO was to raise $125M in total. The lead underwriter of the deal was Citigroup (C)[3]


  1. U.S. Securities and Exchange Commission "Blank Check Company"
  2. JWC S-1/A 2010 Prospectus Summary "General" pg 2
  3. http://www.renaissancecapital.com/JWC-Acquisition/ipo-JWC-U.html Renaissance Capital - IPO Home "JWC Acquisition (JWC-U)"]
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki