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

To: Glenn Petersen who wrote (1791)	5/31/2008 7:51:15 AM
From: Glenn Petersen	Respond to of 3862

The shareholders of Community Bankers Acquisition (stock symbol: [t]BTC[/t]) has approved the company's proposed acquisitions: Community Bankers Acquisition Corp. Announces Approval of Mergers with TransCommunity Financial Corporation and BOE Financial Services of Virginia, Inc. Friday May 30, 4:23 pm ET GREAT FALLS, Va.--(BUSINESS WIRE)--Community Bankers Acquisition Corp. (the “Company” or “CBAC”) (Amex:BTC - News) announced today that, at its annual meeting of stockholders, its stockholders approved CBAC’s merger with TransCommunity Financial Corporation (“TFC”) (OTCBB:TCYF - News). The Company also announced that at its special meeting of stockholders, its stockholders approved CBAC’s merger with BOE Financial Services of Virginia, Inc. (“BOE”) (Nasdaq:BSXT - News). Holders of approximately 75% of CBAC’s outstanding common stock voted in favor of the TFC merger and holders of approximately 63% of CBAC’s outstanding common stock voted in favor of the BOE merger. In addition to approving the TFC merger at the annual meeting of CBAC stockholders, CBAC stockholders also approved the following related proposals: (i) adoption of an amendment to the CBAC certificate of incorporation, effective upon consummation of the TFC merger, to reset the classes of CBAC directors; (ii) adoption of an amendment to the CBAC certificate of incorporation, effective upon consummation of the TFC merger, to change CBAC’s name to Community Bankers Trust Corporation; (iii) to elect two directors, namely, Keith Walz and Chris A. Bagley and (iv) to ratify the appointment of Miller, Ellin & Company LLP as CBAC’s independent public accountants for the fiscal year ending December 31, 2007. At the special meeting of CBAC stockholders, in addition to approving the BOE merger, CBAC stockholders also approved the adoption of an amendment to the CBAC certificate of incorporation, effective upon the consummation of the BOE merger, to reset the classes of CBAC directors. A total of approximately 1,402,500 shares issued in CBAC’s initial public offering were cast at the annual meeting of stockholders in opposition to the TFC merger and elected to be converted into a pro rata portion of the proceeds from CBAC’s initial public offering held in trust, representing less than 20% of the shares issued in the CBAC initial public offering. The TFC and BOE mergers are expected to become effective as of May 31, 2008 at 11:58 p.m. and 11:59 p.m., respectively. <snip> biz.yahoo.com