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Jamba Juice (SVI) RSS Feed

Followers
2
Posters
13
Posts (Today)
0
Posts (Total)
59
Created
03/14/06
Type
Free
Moderators
Services Acquisition Corp International http://www.jambajuice.com/index.html Services Acquisition Corp. International and Jamba Juice Company Announce Approval of Merger and Name Change Tuesday November 28, 12:33 pm ET CHARLOTTE, N.C. & SAN FRANCISCO--(BUSINESS WIRE)--Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U; AMEX:SVI.WT; "SACI") today announced that its shareholders have approved the merger between SACI and Jamba Juice Company at a special meeting of shareholders. The transaction is expected to close on Wednesday, November 29, 2006. Under terms of the Agreement and Plan of Merger, dated March 10, 2006 (as amended), SACI will acquire all of the outstanding securities of Jamba Juice Company and Jamba Juice Company will become a wholly-owned subsidiary of SACI. SACI shareholders also approved: * The financing proposal which involves the issuance of 30,879,999 shares of common stock at $7.50 per common share in a private placement financing for the purpose of raising gross proceeds of approximately $231.6 million, and net proceeds of $224.9 million after the payment of financing fees, substantially all of which will be used as a portion of the consideration required to merge with Jamba Juice Company, as well as for working capital and expansion capital. * The stock option plan proposal pursuant to which SACI will reserve up to 5,000,000 shares of common stock for issuance pursuant to the plan. * The amendment to the certificate of incorporation proposal to increase the number of authorized shares of common stock to 150,000,000 shares (from 70,000,000 shares) and change SACI's name from "Services Acquisition Corp. International" to "Jamba, Inc." As previously announced, NASDAQ has approved the listing of the Company's common stock, units and warrants for trading on the NASDAQ Global Market. It is currently anticipated that the Company's common stock, units and warrants will commence trading at the open of business on Wednesday, November 29, 2006, the anticipated date of the consummation of the merger. The Company has submitted to the American Stock Exchange a request for withdrawal of the listing of their common stock, units and warrants, effective as of the close of business on November 28, 2006. Based on today's shareholder approvals, SACI will change its name to Jamba Inc. and its securities will begin trading under the following symbols: * Common stock will trade under "JMBA" * Units will trade under "JMBAU" * Warrants will trade under "JMBAW" http://biz.yahoo.com/bw/061128/20061128005915.html?.v=1 SEC Filing 10-Q/A, 5/15 http://biz.yahoo.com/e/060515/svi10-q_a.html 10-Q, 5/15 http://biz.yahoo.com/e/060515/svi10-q.html 8-K, 4/17 http://biz.yahoo.com/e/060417/svi8-k.html 10-K, 3/29 http://biz.yahoo.com/e/060329/svi10-k.html 8-K, 3/16 http://biz.yahoo.com/e/060316/svi8-k.html AMEX http://www.amex.com/?href=/equities/listCmp/EqLCCmpDesc.jsp?Product_Symbol=SVI Barchart http://quote.barchart.com/quote.asp?sym=SVI&code=BSTKTA O/S: 21.00M Float: 15.07M Articles: Today's Early Winners and Losers 4/7/2006 Shares of SunOpta (STKL:Nasdaq - commentary - research - Cramer's Take) advanced after the Canadian natural and organic food company said that its SunOpta Fruit Group unit extended its relationship with Jamba Juice. SunOpta will provide Jamba Juice, which recently agreed to be acquired by Services Acquisition Corp. (SVI:Amex - commentary - research - Cramer's Take), with processed fruit products. The contract represents a 20% increase over the prior crop year, SunOpta said. Shares gained 35 cents, or 4.2%, to $8.75 in after-hours trading. http://www.thestreet.com/_yahoo/markets/winnersandlosers/10277979_2.html SunOpta Extends Relationship with Jamba Juice 4/5/06 http://biz.yahoo.com/bw/060405/20060405005999.html?.v=1 Mad Money Recap Daily Summary 03/22/06 8:29pm EST http://www.madmoneyrecap.com/daily_summary_032206.htm Cramer's 'Mad Money' Recap: Smoothie Operator 3/22/2006 7:20 PM EST http://www.thestreet.com/_tscpnav/funds/madmoneywrap/10275112.html Baby Breaker Birth Announcements 3/17/06 http://www.fool.com/News/mft/2006/mft06031734.htm?source=eptyholnk303100&logvisit=y&npu=y Cheers to Good Health and Now...Good Skin! 3/1/06 http://www.marketwire.com/mw/release_html_b1?release_id=111556 old banner
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