Columbus Acquisition Corp. Announces Date of May 14, 2009 for Stockholder Vote on Proposed Amendments to Its Certificate of I...
April 29 2009 - 4:45PM
Business Wire
Columbus Acquisition Corp. ("Columbus") (NYSE Amex: BUS,
BUS-U, BUS-WT) announced today that its special meeting of
stockholders will be held on May 14, 2009 at 12:00 p.m., Eastern
Time, at the offices of Skadden, Arps, Slate, Meagher & Flom
LLP, Four Times Square, 38th Floor, New York, NY 10036. At the
special meeting, stockholders of Columbus will be asked to vote on,
among other proposals, the proposed amendments to its certificate
of incorporation (the �Extension Amendment�), to extend the date by
which it must complete a business combination before it is required
to be liquidated and grant conversion rights to holders of its
public common stock in connection with such vote to approve the
Extension Amendment.
In addition, Columbus today announced that it has filed its
definitive proxy statement with the Securities and Exchange
Commission (�SEC�) and will soon commence mailing proxy materials
to its shareholders in connection with the special meeting. As
previously announced, stockholders of record as of the close of
business on April 20, 2009 will be entitled to vote at the special
meeting.
About Columbus Acquisition
Corp.
Columbus Acquisition Corp. is a blank check company organized
under the laws of the State of Delaware on August 1, 2006. Columbus
was formed to acquire, through a merger, capital stock exchange,
asset or stock acquisition, exchangeable share transaction or other
similar business combination, one or more operating businesses that
it believes has significant growth potential. Columbus' initial
public offering was declared effective May 18, 2007 and was
consummated on May 21, 2007, resulting in net proceeds of
approximately $109.8 million through the sale of 14.375 million
units at $8.00 per unit. Each unit was comprised of one share of
Columbus common stock and one warrant with an exercise price of
$6.00. As of December 31, 2008, Columbus held $115.1 million in a
trust account maintained by an independent trustee, which will be
released upon consummation of the business combination. Additional
information is available at www.columbusacquisition.com.
About Integrated Drilling
Equipment Company
Based in Houston, TX and serving the international drilling
market, Integrated Drilling Equipment Company is a leading
land-based rig refurbishment operation and a vertically-integrated
rig manufacturer. IDE benefits from compelling macro trends in the
energy infrastructure sector including sustainable, long-term
global demand for energy, increasing challenges to uncovering new
oil reserves, and an aging rig fleet that is propelling demand for
new rigs and rig refurbishment services. IDE serves a global
customer base, with international contracts comprising
approximately 85% of its 2008 sales.
This communication shall not constitute an offer to sell or a
solicitation of an offer to buy any securities. This communication
may be deemed to be solicitation material in respect of the
proposed Extension Amendments.
Columbus has filed with the SEC a preliminary proxy statement,
as amended, in connection with the proposed Extension Amendments
and intends to file and mail to Columbus stockholders a definitive
proxy statement and other relevant materials. Stockholders of
Columbus and other interested persons are advised to read Columbus'
preliminary proxy statement and, when available, definitive proxy
statement in connection with the solicitation of proxies for the
special meeting of Columbus stockholders to be held to approve the
Extension Amendments because these statements contain, or will
contain once available, important information about Columbus and
the proposed Extension Amendments. The definitive proxy statement
will be mailed to stockholders of record as of April 20, 2009.
Stockholders will also be able to obtain a copy of the preliminary
and definitive proxy statements, without charge, once available, at
the SEC's internet site at http://www.sec.gov or by directing a
request to: Columbus Acquisition Corp., 153 East 53rd Street, 58th
Floor, New York, NY 10022.
Columbus and its directors and officers may be deemed
participants in the solicitation of proxies from Columbus
stockholders. A list of the names of those directors and officers
and descriptions of their interests in Columbus is contained in
Columbus' preliminary proxy statement, as amended, which was filed
with the SEC as of March 30, 2009, and will also be contained in
Columbus' definitive proxy statement when it becomes available.
Columbus' stockholders may obtain additional information about the
interests of its directors and officers in the proposed Extension
Amendments by reading Columbus' definitive proxy statement when it
becomes available.
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