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

To: Glenn Petersen who wrote (1484)	7/31/2009 2:19:52 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

The Wall Street Journal is reporting that Tremisis Energy Acquisition Corp. II (stock symbol: [t]TGY[/t]), which raised $75.6 million when it went public in December 2007, has reached an agreement to be "acquired" by Asiana Airlines, South Korea's second-largest passenger carrier. The company has not released any information about this transaction. Asiana To Acquire 50% Stake + 1 Shr In Tremisis Energy Wall Street Journal JULY 30, 2009, 4:55 A.M. ET SEOUL (Dow Jones)--Asiana Airlines Inc. (020560.SE), South Korea's second-largest passenger carrier by sales, said Thursday it will acquire a controlling stake in a U.S.-based special purpose company for $75 million. Asiana will purchase a 50% stake plus one share to control Tremisis Energy Acquisition Corporation II (TGY) but the acquisition date hasn't been decided, the company said in a regulatory filing. Tremisis Energy Acquisition specializes in mergers and acquisitions, the filing said. Asiana didn't specify a reason for its acquisition. -By Kyong-Ae Choi, Dow Jones Newswires; 822-2198-2236; kyong-ae.choi@dowjones.com Wall Street Journal story link