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Archive for the ‘M&A’ Category

InterAmerican Amends Merger

Posted by Brett Goetschius at 11:56 AM on Thursday, July 23rd, 2009

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

Pantheon China Gets Shareholder Approval

Posted by Brett Goetschius at 12:24 PM on Monday, July 6th, 2009

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

Posted by Brett Goetschius at 12:21 PM on Monday, July 6th, 2009

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

Posted by Brett Goetschius at 12:18 PM on Monday, July 6th, 2009

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

Posted by Brett Goetschius at 12:17 PM on Monday, July 6th, 2009

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

Posted by Brett Goetschius at 12:33 PM on Thursday, July 2nd, 2009

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

Posted by Brett Goetschius at 12:29 PM on Thursday, July 2nd, 2009

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

Posted by Brett Goetschius at 12:27 PM on Thursday, July 2nd, 2009

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

Posted by Brett Goetschius at 11:58 AM on Thursday, July 2nd, 2009

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

Posted by Brett Goetschius at 6:31 PM on Friday, April 24th, 2009

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