Former Arconic CEO Kleinfeld Said to Plan SPAC Listing (1)

Dec. 1, 2020, 1:58 PM

Klaus Kleinfeld, the former chief executive officer of Arconic, is the latest high-profile business figure planning to raise money for deals through a blank-check company, according to people familiar with the matter.

The German businessman is preparing to list a special purpose acquisition company called Constellation in New York in December, the people said, asking not to be identified discussing confidential information.

The SPAC could raise more than $300 million for deals in the U.S. or Europe, the people said. Kleinfeld is poised to lead Constellation, according to the people. Deutsche Bank AG and Morgan Stanley are advising ...

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