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

To: Glenn Petersen who wrote (1273)	4/4/2008 7:54:59 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

NTR Acquisition (stock symbol: [t]NTQ[/t]) has terminated its agreement to acquire Kern Oil & Refining Co.: NTR Acquisition Co. Announces Termination of Agreement to Acquire Kern Oil & Refining Co. Friday April 4, 7:00 am ET DANBURY, Conn.--(BUSINESS WIRE)--NTR Acquisition Co. (AMEX, Units: NTQ.U, Common Stock: NTQ, Warrants: NTQ.WS), a special purpose acquisition company focused on the petroleum refining and marketing industry, today announced that it has mutually agreed with Casey Co., the sole shareholder of Kern Oil & Refining Co., to terminate the Stock Purchase Agreement dated November 2, 2007, pursuant to which NTR would have acquired all outstanding shares of Kern for a base purchase price of $286.5 million. NTR’s Chief Executive Officer Mario E. Rodriguez commented, “We remain committed to executing our business plan. Based on the experience and relationships of NTR’s senior team, we continue to see a strong pipeline of potential deals and will pursue acquisition opportunities that maximize value to our shareholders.” Under the terms of its initial public offering, NTR has a two-year charter to acquire businesses or assets in the energy industry. The charter expires on January 30, 2009. Investor Conference Call NTR will be hosting a conference call for investors at 10:00 AM Eastern on Friday, April 4, 2008, to discuss the termination agreement. The dial-in details are as follows: Domestic: (866) 383-8008 International: (617) 597-5341 Participant Passcode: 21174968 Additionally, a replay will be available for one week after the call. The dial-in details for the replay are as follows: Domestic: (888) 286-8010 International: (617) 801-6888 Participant Passcode: 53531694 <snip> biz.yahoo.com