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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (629)9/26/2006 7:44:23 PM
From: Carl Worth  Read Replies (1) | Respond to of 3862
 
interesting, what do you think of this deal?

it sounds like CNXT is basically getting its money back for its investment, and RFMD appears to be taking a loss

my first thought based on those facts, and the fact that jazz was going to go public, but did this instead, is that they were having a tough time going public through an IPO, which may mean the deal is not that lucrative, especially if others in the business are selling their stakes, rather than holding on

they did have almost 14M in EBITDA for 1H06, but it's hard to tell how that will translate to the bottom line once all the various items are removed or adjusted for the new structure

it appears to be up after hours, so if it gaps up tomorrow, i may just sell my shares until i have a better idea that this is an attractive deal



To: RockyBalboa who wrote (629)1/13/2007 9:43:26 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
Acquicor has set January 16 as the record date for its shareholder meeting. The actual date for the meeting has not yet been determined. The company has also announced that it "may" buy up to $50 million of its securities in the open market after the deal closes.

I was disappointed when AQR announced that it was acquiring Jazz Semiconductor. Given the pedigree of its founders (Amelio, Hancock and Wozniak), I thought that the acquisition was more safe than imaginative, though a nice payday for Amelio, Hancock and Wozniak.

Acquicor Technology Inc. Announces Record Date for Special Meeting of Stockholders and Approves Stock Repurchase Program

Thursday January 11, 8:30 am ET

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acquicor Technology Inc. (AMEX:AQR - News), announced today that it has established a record date of January 16, 2007 for a special meeting of its common stockholders to consider and vote upon several proposals, including a proposal to approve a merger pursuant to which a wholly-owned subsidiary of Acquicor will merger with and into Jazz Semiconductor, Inc. Upon completion of the merger, Jazz will be the surviving corporation and will become a wholly-owned subsidiary of Acquicor. The date of the special meeting of stockholders has not yet been set.

Acquicor also announced today that its Board of Directors has authorized a stock and warrant repurchase program, under which the company may purchase up to $50 million of the company's common stock and warrants through July 15, 2007. The stock and warrant repurchase program would be subject to the completion of the company's proposed merger with Jazz and the release of the escrowed proceeds from the issuance and sale of $166.8 million principal amount of 8% convertible senior notes due 2011.

Purchases under the stock and warrant repurchase program will be made from time to time after the completion of the merger at prevailing prices as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. The program may be discontinued at any time. The stock repurchase program will be funded using the company's working capital.

About Acquicor

Acquicor (AMEX:AQR - News) is a company formed by Gilbert F. Amelio, Ph.D., Ellen M. Hancock and Steve Wozniak for the purpose of acquiring, through a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination, one or more domestic and/or foreign operating businesses in the technology, multimedia and networking sectors. Acquicor raised gross proceeds of $172.5 million through its March 2006 initial public offering, and $164.3 million was placed in the trust account pending the completion of a business combination. On September 26, 2006, Acquicor and Jazz Semiconductor, Inc. announced that they have entered into a merger agreement. The merger is expected to be completed in the first quarter of 2007 subject to a number of closing conditions. For more information, please visit acquicor.com.

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