George E. Hall, ROI Acquisition Corp II:
In a recent SEC filing, Clinton Group disclosed the initiation of an activist stake in blank check company ROI Acquisition Corp II (NASDAQ:ROIQU
). According to the filing, George E. Hall, the founder, president and CIO of the Clinton Group holds around 2.8 million shares, which represent almost 18% of the common stock.
ROI Acquisition Corp II is a blank check company, which means that it does not have a business plan, and has not generated any profits. The company went on the IPO earlier in September, raising $125 million, from selling 12.5 million shares at $10 apiece. The company has plans for purchasing businesses from the consumer products, retail and restaurant industries.
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