Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: RockyBalboa who wrote (2202)	11/27/2009 10:01:26 AM
From: Glenn Petersen	Read Replies (1) of 3862

TGY could not complete the acquisition of Asiana and will liquidate: Tremisis Energy Acquisition Corporation II Announces That It is Unable to Complete Acquisition Press Release Source: Tremisis Energy Acquisition Corporation II On 8:43 am EST, Friday November 27, 2009 SEOUL, South Korea--(BUSINESS WIRE)--Tremisis Energy Acquisition Corporation II (TGY; TGY.WS; TGY.U) announced today that it will not be able to complete its proposed acquisition of the stock of Asiana IDT, Inc., a Korean company. Consequently, its corporate existence will terminate on December 6, 2009, upon which it will liquidate and distribute to the holders of shares issued in its initial public offering their pro-rata portion of the funds held in its trust account established for the benefit of such stockholders, which will be approximately $7.95 per share. Its warrants will expire with no value. <snip> finance.yahoo.com

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