Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (439)	3/22/2006 11:40:41 AM
From: richardred	Read Replies (1) of 3862

Jamba Juice Holders Approve Acquisition Wednesday March 22, 8:53 am ET Jamba Juice Shareholders Approve Takeover by Services Acquisition Corp. NEW YORK (AP) -- Jamba Juice, a privately held juice and smoothies chain, said Wednesday that shareholders have approved its proposed acquisition by Services Acquisition Corp. Services Acquisition, a so-called blank-check company that was set up specifically to acquire other businesses, said on March 13 it would acquire Jamba Juice for $265 million in cash and rename the combined entity Jamba Inc. Jamba Juice's board of directors had previously approved the deal and recommended that shareholders vote in favor of it. Services Acquisition said it plans to raise $231.6 million in a stock offering that will occur at the same time of the acquisition's closing. The deal is also pending approval from regulators and Services Acquisition shareholders. biz.yahoo.com

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