Sitting on the terrace of the Oak Room, the 25th-floor members-only sanctuary in Houston's luxurious Post Oak Hotel, Tilman Fertitta making his introductions when he spots an errant piece of potato chip on the floor. For instance, Fertitta and Jefferies filed an IPO for a special purpose acquisition company, or SPAC, which is a vehicle that can be used for anything - like, say, merging with another restaurant company. SPORTS 2018 revenue: $400 million Fertitta paid a then-record $2.2 billion for the NBA's Houston Rockets. Fertitta proved he could play Wall Street hardball in a two-year quest that took the company private again in 2010 for $1.4 billion, as he fended off activist investors who accused him of lowballing the price. [Extracted from the article]
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