The mortgage-backed security
focused ARMOUR Residential REIT said last week that it raised $34.5
million in a follow-on stock offering. Full Story
Source: Press Release
The shareholders of the failed
SPAC Good Harbor Partners Acquisition Corp. are selling a 97.5% stake in the shell company for $450,000 to an investment team based in Taiwan. Full Story
Filing: SC 14F1
The SPAC Ascend Acquisition Corp.
said that it will become a real estate investment trust (REIT) through the acquisition of Patriot Investment
Management and two real estate investment funds. Full Story
Filing: 8-K
The board
of RAM Energy Resources is weighing its options to increase
shareholder value, which may include a sale, refinancing or recapitalization. Full Story
Source: Press Release
The units in 57th Street General Acquisition Corp. can now be traded separately, according to a
statement from the SPAC.
Full Story
Sources: Press Release, 13G, 13G, 13G, 13G
Navios Maritime Acquisition Corp.
appointed former Societe Generale investment banker Brigitte
Noury and Navios Maritime Holdings Vice President Anna Kalathakis to its board
of directors. Full Story
Source: Press
Release
Veterinary hospital
company PET DRx Corp. is being acquired by its larger competitor VCA Antech
Inc. for about $41.3 million in cash. Full Story
Source: Press
Release
Real estate services company Kennedy-Wilson Holdings said that it has received a capital commitment of up to $250 million from Fairfax Financial Holdings to make commercial real estate acquisitions and purchase loans and real property.
Full Story
Sources: Press Release, Press
Release
The shares, warrants and units of
Western Liberty Bancorp have been delisted by the NYSE Amex Stock Exchange as
of today, according to a regulatory filing by the Las Vegas-based bank holding
company.
Full Story
Filing: 25-NSE
The reinsurance
company GEROVA Financial Group said yesterday that it decreased the strike price from $7.50 to $7 on 17.7
million existing warrants.
Full Story
Source: Press
Release
Year's First SPAC Has New Wrinkles
57th Street General Acquisition Corp., the first and only SPAC initial public offering to price in 2010, could also prove to be a game changer for the stagnant SPAC market. Full Story
SearchMedia Faces Lawsuits, Stock Cancellations
Just two months after merging with Ideation Acquisition Corp., problems began surfacing at Chinese advertising company SearchMedia Holdings Ltd., which could ultimately lead to share cancellations and litigation. Full Story
Less than three years after merging with the SPAC Freedom Acquisition Corp., GLG Partners is being acquired by The Man Group, another publicly traded British hedge fund management firm. The deal values GLG at less than half of what it was in the Freedom merger. Full Story
- Liberty, Prisa Amend Deal
- Earnings Drop Could Force American Apparel Default
- North Asia Calls Off Bank Deal, Search Continues
- BBV Vietnam, Migami Deal Approved
- Navios Acquisition Shareholders Approve Ship Purchase


