The deadline for the SVI-Jamba Juice deal gets pushed back another two months to November 17.
Services Acquisition Corp. International and Jamba Juice Company Agree to Further Extend Merger Termination Date
Wednesday August 30, 8:30 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 30, 2006--Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U; AMEX:SVI.WT; "SACI") and Jamba Juice Company jointly announce that they have extended the date upon which either party may terminate the merger agreement between them to November 17, 2006, from September 15, 2006.
This extension is due to the additional time needed to update the proxy to include Jamba Juice Company's recently completed fiscal year-end financial statements and to respond to Securities and Exchange Commission comments on the proxy.
In addition, SACI announces that investors in its private placement financings have also approved extending their commitment date to November 17, 2006, from September 15, 2006. SACI intends to announce a new record date, previously fixed at the close of business on July 28, 2006, for the determination of stockholders entitled to notice of, and to vote at, the special meeting of stockholders.
Steve Berrard and Paul Clayton, the Chief Executive Officers of SACI and Jamba Juice Company, respectively, jointly commented, "While we are working on the final stages of completing the transaction, the Board of Directors of both SACI and Jamba Juice Company continue to be excited about the opportunities for the combined company."
<snip>
biz.yahoo.com |
