Olshan Completes Quinpario Acquisition of Jason Inc. for $538 Million
GlobeNewswire posted Quinpario Acquisition Corp.’s announcement that it has completed its previously announced business combination transaction to acquire Jason Incorporated, a global family of market-leading manufacturing businesses within the finishing, seating, components and automotive acoustics markets. As part of the transaction, Quinpario changed its name to Jason Industries, Inc. Quinpario’s stockholders overwhelmingly approved the acquisition, with 89 percent of the shares voting, 100 percent of which were voted in favor of the transaction, only 11 months after Quinpario's initial public offering. In excess of 85 percent of the amount initially placed into trust remained in trust at the closing. Effective today, the Company's common stock ticker symbol will be "JASN" and the ticker symbol for the Company's warrants will be "JASNW." Multiple Olshan teams worked together to complete the transaction, led by Steve Wolosky and Robert Friedman, with Jason Saltsberg and Claudia Dubon on the M&A side, Kenneth Schlesinger and Elizabeth Gonzalez-Sussman on the capital markets side, Mitchell Raab on the equity side.