Barry Sternlicht SPAC Jaws Mustang Acquisition Halted for News -- Market Talk

Dow Jones

Nov 02, 2024

1453 ET - Jaws Mustang Acquisition, whose founders include Barry Sternlicht, is halted due to news pending. Since the SPAC's March announcement of a non-binding letter of intent for certain hotels affiliated with Sternlicht's Starwood Capital Group, updates have been sparse. In its August filing, Jaws Mustang reiterated that the transaction is subject to negotiation of a definitive agreement. The LOI called for the formation of a hospitality company that would become the owner of Starwood entities' interests in an initial portfolio with 10 properties including 1 Hotel Brooklyn Bridge and 1 Hotel Central Park. Sternlicht participated in SPACs that merged with Cano Health and Velo3D. The Jaws Hurricane and Jaws Juggernaut vehicles shut down in 2023 without completing business combinations. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

November 01, 2024 14:53 ET (18:53 GMT)

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Since the SPAC's March announcement of a non-binding letter of intent for certain hotels affiliated with Sternlicht's Starwood Capital Group, updates have been sparse. In its August filing, Jaws Mustang reiterated that the transaction is subject to negotiation of a definitive agreement. The LOI called for the formation of a hospitality company that would become the owner of Starwood entities' interests in an initial portfolio with 10 properties including 1 Hotel Brooklyn Bridge and 1 Hotel Central Park. Sternlicht participated in SPACs that merged with Cano Health and Velo3D. The Jaws Hurricane and Jaws Juggernaut vehicles shut down in 2023 without completing business combinations. (josh.beckerman@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 01, 2024 14:53 ET (18:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Barry Sternlicht SPAC Jaws Mustang Acquisition Halted for News -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBarry Sternlicht SPAC Jaws Mustang Acquisition Halted for News -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-02 02:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1453 ET - Jaws Mustang Acquisition, whose founders include Barry Sternlicht, is halted due to news pending. Since the SPAC's March announcement of a non-binding letter of intent for certain hotels affiliated with Sternlicht's Starwood Capital Group, updates have been sparse. In its August filing, Jaws Mustang reiterated that the transaction is subject to negotiation of a definitive agreement. The LOI called for the formation of a hospitality company that would become the owner of Starwood entities' interests in an initial portfolio with 10 properties including 1 Hotel Brooklyn Bridge and 1 Hotel Central Park. Sternlicht participated in SPACs that merged with Cano Health and Velo3D. The Jaws Hurricane and Jaws Juggernaut vehicles shut down in 2023 without completing business combinations. (josh.beckerman@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 01, 2024 14:53 ET (18:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JWSM","symbol_name":"Jaws Mustang Acquisition Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480085631","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480085631","pubTimestamp":1730487180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1453 ET - Jaws Mustang Acquisition, whose founders include Barry Sternlicht, is halted due to news pending. Since the SPAC's March announcement of a non-binding letter of intent for certain hotels affiliated with Sternlicht's Starwood Capital Group, updates have been sparse. In its August filing, Jaws Mustang reiterated that the transaction is subject to negotiation of a definitive agreement. The LOI called for the formation of a hospitality company that would become the owner of Starwood entities' interests in an initial portfolio with 10 properties including 1 Hotel Brooklyn Bridge and 1 Hotel Central Park. Sternlicht participated in SPACs that merged with Cano Health and Velo3D. The Jaws Hurricane and Jaws Juggernaut vehicles shut down in 2023 without completing business combinations. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JWSM":"Jaws Mustang Acquisition Corp","BK4561":"索罗斯持仓"},"translate_title":"Barry Sternlicht SPAC Jaws野马收购因新闻而停止——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JWSM":0.9},"content_text":"1453 ET - Jaws Mustang Acquisition, whose founders include Barry Sternlicht, is halted due to news pending. Since the SPAC's March announcement of a non-binding letter of intent for certain hotels affiliated with Sternlicht's Starwood Capital Group, updates have been sparse. In its August filing, Jaws Mustang reiterated that the transaction is subject to negotiation of a definitive agreement. The LOI called for the formation of a hospitality company that would become the owner of Starwood entities' interests in an initial portfolio with 10 properties including 1 Hotel Brooklyn Bridge and 1 Hotel Central Park. Sternlicht participated in SPACs that merged with Cano Health and Velo3D. The Jaws Hurricane and Jaws Juggernaut vehicles shut down in 2023 without completing business combinations. (josh.beckerman@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 01, 2024 14:53 ET (18:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}