The [t]GHQ[/t] shareholders vote on the proposed acquisition of Iridium tomorrow. The management of [t]GHQ[/t] seems to think that it is a done deal.
GHL Acquisition Corp. Announces Management Changes
Press Release
Source: GHL Acquisition Corp.
On Monday September 21, 2009, 4:00 pm EDT
NEW YORK, Sept. 21 /PRNewswire-FirstCall/ -- GHL Acquisition Corp. ("GHL Acquisition") (NYX: GHQ, GHQ.WS and GHQ.U) announced today that, in order to permit GHL Acquisition to be in full compliance with the technical requirements of the listings standards of the Nasdaq Stock Market at the time of its anticipated listing on the Nasdaq Stock Market, Scott L. Bok has resigned from his position as Chief Executive Officer of GHL Acquisition; he will remain Chairman of GHL Acquisition. It is anticipated that GHL Acquisition will begin trading on the Nasdaq Stock Market on September 24, 2009 under the symbols IRDM, IRDMW and IRDMU, respectively. Robert H. Niehaus, formerly a Senior Vice President of GHL Acquisition, will succeed Mr. Bok as Chief Executive Officer until completion of the acquisition by GHL Acquisition of Iridium Holdings LLC. Following the closing of the acquisition, the management and Board of Directors of the combined company will be as described in the proxy statement filed by GHL Acquisition with the Securities and Exchange Commission.
The acquisition of Iridium by GHL Acquisition is subject to approval by the shareholders of GHL Acquisition. A special meeting of stockholders of GHL Acquisition to vote on the proposed acquisition has been scheduled for September 23, 2009.
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