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

To: Carl Worth who wrote (660)	10/26/2006 12:57:38 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

As it turned out, the securities were efficiently priced. That makes two blank check blanks to date. Coastal Bancshares Acquisition Corp. Announces Results of Stockholder Meeting Thursday October 26, 12:43 pm ET HOUSTON, Oct. 26 /PRNewswire-FirstCall/ -- Coastal Bancshares Acquisition Corp. (OTC Bulletin Board: CBAS - News, CBASU - News, CBASW - News; "Coastal" or the "Company"), a public company organized to complete a business combination with a commercial bank or bank holding company, held its stockholders' meeting today related to the approval of the Agreement and Plan of Merger between Coastal, Coastal Merger Corp., a wholly-owned subsidiary of Coastal, and Intercontinental Bank Shares Corporation. The stockholders of Coastal did not approve the transactions contemplated by the Merger Agreement. As a result of the outcome of the vote and provisions in Coastal's certificate of incorporation, Coastal's Board of Directors has determined to proceed with the liquidation of the Company. <snip> biz.yahoo.com