Tailwind Financial Inc Announces Liquidation
April 13, 2009
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$100 million SPAC Tailwind Financial Inc will terminate on April 17, 2009 because the SPAC simply ran out of time. The liquidating distribution will equal approximately $8.18 per share.
After the close of trading of Tailwind’s shares on April 17, 2009, NYSE Alternext US LLC will suspend trading of its shares.
The SPAC’s previous $99 million merger with Asset Corp and $600 million merger with GrandUnion called off due to market conditions.
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