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

To: RockyBalboa who wrote (1668)	6/24/2008 9:51:36 PM
From: Glenn Petersen	Read Replies (2) \| Respond to of 3862

Back to the drawing board for Alternative Asset Management (stock symbol: [t]AMV[/t]). The have terminated their purchase agreement with Halcyon. AAMAC and Halcyon Mutually Terminate Purchase Agreement Monday June 23, 8:00 am ET NEW YORK, June 23 /PRNewswire-FirstCall/ -- Alternative Asset Management Acquisition Corp. (AMEX, Units: "AMV.U", Common Stock: "AMV," Warrants: "AMV.WS") ("AAMAC") announced today its mutual agreement with Halcyon Asset Management LLC, a global alternative asset management firm ("Halcyon"), to terminate the purchase agreement that AAMAC, Halcyon and its affiliates entered into on March 12, 2008, pursuant to which AAMAC would have acquired a majority interest in Halcyon. In addition, AAMAC has been notified that each of OHL Limited (formerly Hanover Overseas Limited), STC Investment Holdings LLC and Solar Capital, LLC terminated their respective agreements with Citigroup Global Markets Inc. and AAMAC pursuant to which they each had placed limit orders for up to $10.0 million of AAMAC's common stock in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. As of June 20, 2008, each of STC Investment Holdings LLC and Solar Capital, LLC had purchased 286,400 shares of common stock and OHL Limited had purchased 287,800 shares of common stock pursuant to these limit orders. AAMAC is a blank check company which was formed in 2007 for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination one or more businesses or assets in the alternative asset management sector or a related business. As of May 31, 2008, the amount held in trust for the benefit of the AAMAC public stockholders, including approximately $13.5 million of deferred underwriting discounts and commissions, was approximately $405.4 million. If AAMAC does not consummate a business combination by August 1, 2009, it will dissolve and liquidate. <snip> biz.yahoo.com