Publications
Publications
- February 2021 (Revised April 2021)
- HBS Case Collection
Board Director Dilemmas—Back the SPAC?
By: Suraj Srinivasan, David G. Fubini and Amram Migdal
Abstract
This case focuses on a board director of a diversified holding company. The firm’s longtime CEO had always exhibited a cautious, methodical approach to growth. Now, the CEO is raising the idea of joining with a special purpose acquisition company (SPAC) to spin off part of the business as a separate company. This strategy shift—a spinoff, use of a SPAC, and accumulation of cash for larger acquisitions—was a dramatic shift for the company, and the board director must consider how to respond.
Keywords
Citation
Srinivasan, Suraj, David G. Fubini, and Amram Migdal. "Board Director Dilemmas—Back the SPAC?" Harvard Business School Case 121-042, February 2021. (Revised April 2021.)