SPACWire
July 22, 2009 4:50PST
InterAmerican Acquisition Group will convert its current outstanding shares into two new classes of stock after its merger with the Chinese urban planner China New Cities Development, according to an amended agreement. Full Story
Archive for the ‘M&A’ Category
InterAmerican Amends Merger
Pantheon China Gets Shareholder Approval
SPACWire
July 2, 2009 2:15PM PST
Two days after holding its shareholder vote, Pantheon China Acquisition Corp. announced it received the necessary approvals to complete its merger with China Cord Blood Services Corp. Full Story
Middle Kingdom Completes Chinese Cell Phone Merger
SPACWire
July 2, 2009 9:25AM PST
Middle Kingdom Alliance Corp. shareholders voted Monday to approve its merger with Chinese cell phone distributor Pypo Digital Co. Full Story
Alyst Closes Merger After Taking Cash off the Table
SPACWire
July 1, 2009 6:39PM PST
Alyst Acquisition Corp. shareholders approved its merger with the Chinese advertising company China Networks Media after the SPAC took away $10 million in cash from China Networks common shareholders. Full Story
China Discovery Completes Noodle Deal
SPACWire
July 1, 2009 6:37PM PST
After last minute negotiations and changes, China Discovery Acquisition Corp. announced earlier this week that it completed its merger with the Chinese instant noodle maker HeNan Smart Food Co.
Full Story
AutoChina Selling Dealer Business to Focus on Financing
SPACWire
June 19, 2009 12:46PM PST
Just two months after completing a merger with a SPAC, AutoChina International is selling its car dealership business for about $68.8 million. Full Story
Alyst Withdraws $10M Cash Payment to China Networks Media
SPACWire
June 23, 2009 5:24PM PST
Alyst Acquisition Corp. announced yesterday that it withdrew a $10 million cash payment to China Networks Media’s common stockholders that was part of the upfront consideration in their merger. Full Story
China Discovery Reworks HeNan Merger, Pushes Back Vote
SPACWire
June 24, 2009 5:55PM PST
China Discovery Acquisition Corp. reduced the upfront consideration today for Chinese instant noodle maker HeNan Smart Food Co. by $3 million in cash. Full Story
Pantheon One Step Closer to China Cord Merger
SPACWire
June 24, 2009 5:55PM PST
Victory Park Capital and Yorkville Advisors entered into formal agreements with Pantheon China Acquisition Corp. on Tuesday to sell back the 79% stake the two funds collectively own in exchange for “yes” votes on its proposed merger with China Cord Blood Services Corp. Full Story
AutoChina Announces Warrant Repurchase Program
SPACWire
April 22, 2009 2:42PM PST
AutoChina International Ltd., a Chinese car dealer that merged with a SPAC this month, announced it will repurchase an undetermined number of its warrants for up to $1 each. Full Story