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Technology Stocks : Blank Check IPOs (SPACS)
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To: spac_trader who wrote (893)2/15/2007 8:42:11 PM
From: Glenn Petersen   of 3862
 
As expected, the shareholders of AQR have approved the merger with Jazz Semiconductor:

Acquicor Technology Announces Stockholder Approval of Merger with Jazz Semiconductor Inc.

Thursday February 15, 6:49 pm ET

NEW YORK--(BUSINESS WIRE)--Acquicor Technology Inc. (AMEX:AQR - News) today announced that its stockholders have approved the Company's previously-announced proposed acquisition of Jazz Semiconductor Inc. ("Jazz"). In addition, holders of fewer than 20% of the Company's shares issued in its initial public offering exercised their right to convert shares into a pro rata portion of the proceeds of the Company's initial public offering placed in a trust account. Acquicor's acquisition of Jazz is expected to close by February 23, 2007.

Stockholders also approved the company's 2006 Equity Incentive Plan and amendments to Acquicor's Certificate of Incorporation to change its name to "Jazz Technologies, Inc.", to remove certain provisions specific to its structure as a blank check company prior to the merger, and to increase the authorized shares of common stock to 200,000,000. As a result of the approval of the authorized share increase and the approval of the merger, the proceeds from the convertible senior notes issued by Acquicor in December 2006 will be released to the company. Stockholders rejected an amendment to the charter restricting their ability to act by written consent.

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biz.yahoo.com
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