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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (1058)10/31/2007 10:38:54 PM
From: Glenn Petersen  Read Replies (1) of 3862
 
The shareholders of Freedom Acquisition have approved the company's acquisition of GLG Partners:

Freedom Acquisition Holdings, Inc. Stockholders Approve Acquisition of GLG Partners

Wednesday October 31, 10:42 am ET

NEW YORK--(BUSINESS WIRE)--Freedom Acquisition Holdings, Inc. (AMEX:FRH - News) (AMEX:FRH.WS - News) (AMEX:FRH.U - News) (“Freedom”) announced today that the stockholders of Freedom have voted in favor of Freedom’s proposed acquisition of GLG Partners LP and certain of its affiliated entities (“GLG”) at its special stockholder meeting held today. All of the additional proposals presented at the special meeting were also approved by the Freedom stockholders. Pursuant to the terms of the Purchase Agreement, dated June 22, 2007, Freedom will acquire all outstanding equity interests of GLG and its related entities, in exchange for cash, stock and debt as described in the Purchase Agreement. Freedom anticipates that the transaction will close on November 2, 2007, subject to the satisfaction of customary closing conditions.

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