To: Glenn Petersen who wrote (2046 ) 5/15/2009 5:53:30 PM From: Glenn Petersen Respond to The management of Columbus Acquisition (stock symbol: [t]BUS[/t]) has cancelled a special meeting of its shareholders after determining that it will be unable to obtain enough shareholder votes to approve the extension of the date by which the company must complete a transaction. The company will liquidate.Columbus Acquisition Corp. Announces Cancellation of Its Special Meeting of Stockholders and Termination of Integrated Drilling Equipment Company Acquisition Agreement it has cancelled the special meeting of its stockholders to vote on the proposed amendments to Columbus's certificate of incorporation to extend the date by which Columbus must complete a business combination before it is required to liquidate (the "Extension Amendment"), which had been scheduled for 12:00 p.m., Eastern time, on Friday, May 15, 2009. Based on the proxies received from its stockholders, Columbus has determined that the Extension Amendment will not receive the votes required for approval. Columbus will begin the process of liquidating and dissolving itself in accordance with its certificate of incorporation and applicable Delaware law. Columbus cannot make any assurance as to when such liquidation will be completed.finance.yahoo.com
