KKR Acquisition Holding to liquidate as the latest SPAC melts down
KKR & Co. Inc., the investment company which controls KKR Acquisition Holdings I Corp. plans to pay back $1.2 billion to shareholders as the third-largest special purpose acquisition company (SPAC) follows others who have folded amid regulatory changes and tougher deal conditions nowadays. SPACs have run into tighter credit conditions and difficulty in the market…