BUFFALO, N.Y. — Earlier this month, Terry Pegula’s specialty purpose acquisition company announced it had found a company to buy.
Now it is unveiling the company it has chosen.
In a $618 million deal, East Resources Acquisition Corp. will acquire life insurance companies Abacus Settlements and Longevity Market Assets. The combined entity will be called Abacus Life and trade under ABAL on the Nasdaq stock exchange when the transaction closes.
Read the full story from our partners at Buffalo Business First.