The British Columbia Investment Management Corp. will also own a minority stake in the combined entity.
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
The regulator says it is ‘intently focused on SPAC merger transactions.’
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Massive new corporate combination has $94 billion in retirement assets.