A Greenwich firm plans to liquidate after failing to acquire another company using proceeds from an initial public offering of stock.
Oracle Healthcare Acquisition Corp. held a “blank check” IPO in March 2006, giving it two years to acquire a company using shareholder investments.
In early September, the company signed a letter of intent to purchase an unspecified entity, but last week indicated it had terminated the deal.
Oracle Healthcare was founded by Larry Feinberg, who runs a health-care-focused hedge fund in Greenwich called Oracle Partners L.P.
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