Media Mergers: Liberty, Promotora de Informaciones
December 1, 2010 (FinancialWire) (http://www.financialwire.net/) — Liberty Acquisition Holdings Corp. (AMEX: LIA) said that its stockholders have approved all of the proposals related to a proposed business combination with Promotora de Informaciones, S.A.
In addition, a required percentage of Liberty's warrantholders approved the amendment to certain terms of Liberty's warrants, according to the company.
Liberty expects a share exchange to occur on or around November 29.
New York-based Liberty Acquisition Holdings is a blank check company formed for the purpose of effecting a business combination with one or more operating businesses.
The company completed its initial public offering of 103.5 million units at $10 per unit in December, 2007.
Spain-based Promotora de Informaciones is a Spanish and Portuguese-language media group in the fields of education, information and entertainment.
The firm is present in 22 countries.
=========
Equity research on any public company is available through the Shareholders Research Alliance (go to http://www.investrend.com/synd0004 for more information). Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Copyright © MMX, FinancialWire(tm); All rights reserved.
[hlmsmlh] [mrgrsacqstns] [cmmsmda] [ntrntnlcmpnsbsnss] [erpnpre] [bsnnssb] [dvcmntnmc] [btnwswntb] [ltnmrcrmntl]
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.