Blank Check IPOs (SPACS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Blank Check IPOs (SPACS)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn Petersen who wrote (1463)	8/8/2008 7:44:02 PM
From: Glenn Petersen	Read Replies (1) of 3862

Tailwind Financial (stock symbol: [t]TNF[/t]) and Asset Alliance Corporation have announced that they have terminated their merger agreement. Tailwind Financial Inc. and Asset Alliance Corporation Announce Termination of Merger Agreement Friday August 8, 11:27 am ET TORONTO, ONTARIO and NEW YORK, NEW YORK--(MARKET WIRE)--Aug 8, 2008 -- Tailwind Financial Inc. ("Tailwind") (TNF - News), a blank check development stage company, and Asset Alliance Corporation ("Asset Alliance"), a Delaware corporation, today jointly announced that they have terminated the Agreement and Plan of Merger between Tailwind and Asset Alliance dated January 8, 2008, whereby Tailwind would have acquired all of the outstanding common stock of Asset Alliance in exchange for shares of Tailwind common stock. The decision to terminate was based on the belief that the transaction would not receive shareholder approval due to market conditions in the financial services sector. Tailwind will continue to seek other business combinations with targets in a variety of industries. Asset Alliance will seek other sources of capital. <anip> biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next