Financials Acquisition Corp is a shell looking for a financial services acquisition, particularly in the insurance area which accounts for one-third of the global financial services market. Financials Acquisition Corp has raised a significant amount of cash and seems to have the backing to make a large acquisition.
The focus is technology that is used to make the insurance sector more efficient. This could be used for managing general agents, London insurance market participants or distributors.
Conditional dealings started at 1000.2p and fell to 991.5p. After three days the price was b...
