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Benzinga
Benzinga
Business
Phil Hall

Three-Way Merger With HotelPlanner, Reservations.com And SPAC Is Abruptly Terminated

A three-way merger between the online travel-focused companies HotelPlanner and Reservations.com with Astrea Acquisition Corp. (NASDAQ:ASAXU), a publicly-traded special purpose acquisition company (SPAC), has been cancelled.

What Happened: In a joint press statement, the three companies said they “mutually agreed to terminate their previously announced business combination agreement. The termination is effective immediately.”

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