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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (2164)10/15/2009 12:13:02 PM
From: Glenn Petersen  Read Replies (1) of 3862
 
The shareholder of TM Entertainment (stock symbol: [t]TMI[/t]) have approved the acquisition of Hong Kong Mandefu Holding Limited. The warrants, which were trading at $.40 a few days ago, have traded as high as $1.63 this morning.

TM Entertainment and Media, Inc. Announces Shareholder Approval of Business Combination with Hong Kong Mandefu Holding Limited (d/b/a China MediaExpress "CME")

Press Release
Source: TM Entertainment and Media, Inc.
On 12:00 pm EDT, Thursday October 15, 2009

NEW YORK--(BUSINESS WIRE)--TM Entertainment and Media, Inc. (NYSE Amex: TMI; TMI/U; TMI/WS) (“TM”) announced that the proposed business combination with the shareholders of privately-held Hong Kong Mandefu Holding Limited (d/b/a China MediaExpress) (“CME” or the “Company”) was approved at the special meeting of its stockholders held this morning. Additionally, TM stockholders approved all other related proposals that were voted upon at the special meeting. The transaction is expected to be consummated by October 16, 2009, subject to satisfaction of all closing conditions of which there can be no assurance.

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finance.yahoo.com
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