Services Acquisition Corp. International Receives Early Termination of Hart-Scott-Rodino Waiting Period for Pending Merger With
April 17 2006 - 5:00AM
Business Wire
Services Acquisition Corp. International ("SVI") (AMEX:SVI)
(AMEX:SVI-U) (AMEX:SVI-WS) and Jamba Juice Company, the
category-defining leader in healthy blended beverages, juices and
good-for-you snacks, today announced that SVI has received early
termination of the waiting period under the Hart-Scott-Rodino Act
relating to its proposed merger with Jamba Juice. For additional
information regarding the pending merger, please refer to SVI's
recent SEC filings available online at www.sec.gov. About Jamba
Juice Jamba Juice is the category-defining leader in healthy
blended beverages, juices and good-for-you snacks. Founded in 1990
in California, today Jamba Juice has more than 540 company and
franchised stores in 26 states nationwide with 7,500 employees. For
the nearest location or a complete menu including new All Fruit
Smoothies, please call: 1.866.4R.FRUIT or visit the website at
www.jambajuice.com. About SVI SVI is a blank check company that was
formed for the specific purpose of consummating a business
combination. SVI raised net proceeds of approximately $127 million
through its initial public offering consummated in July 2005 and
has dedicated its time since the offering to seeking and evaluating
business combination opportunities. The management of SVI includes
former executives from organizations such as Blockbuster
Entertainment Group, AutoNation and Boca Resorts. Forward-looking
Statements This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, about SVI, Jamba Juice and their combined business after
completion of the proposed acquisition. Forward-looking statements
are statements that are not historical facts. Such forward-looking
statements, based upon the current beliefs and expectations of
SVI's and Jamba Juice's management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. The following factors, among others,
could cause actual results to differ from those set forth in the
forward-looking statements: the failure of SVI stockholders to
approve the plan and agreement of merger and the transactions
contemplated thereby; the number and percentage of SVI stockholders
voting against the acquisition; changing interpretations of
generally accepted accounting principles; continued compliance with
government regulations; legislation or regulatory environments,
requirements or changes adversely affecting the businesses in which
Jamba Juice is engaged; demand for the products and services that
Jamba Juice provides, general economic conditions; geopolitical
events and regulatory changes, as well as other relevant risks
detailed in SVI's filings with the Securities and Exchange
Commission. The information set forth herein should be read in
light of such risks. Neither SVI nor Jamba Juice assumes any
obligation to update the information contained in this press
release. Additional Information and Where to Find It In connection
with the proposed acquisition and financing and required
stockholder approval, SVI will file with the Securities and
Exchange Commission a proxy statement which will be mailed to the
stockholders of SVI. SVI's stockholders are urged to read the proxy
statement and other relevant materials when they become available
as they will contain important information about the acquisition of
Jamba Juice and the related private placement financing. SVI
stockholders will be able to obtain a free copy of such filings at
the Securities and Exchange Commission's Internet site
(http://www.sec.gov). Copies of such filings can also be obtained,
without charge, by directing a request to SVI, 401 East Las Olas
Boulevard, Suite 1140, Fort Lauderdale, Florida 33301. SVI and its
officers and directors may be deemed to have participated in the
solicitation of proxies from SVI's stockholders in favor of the
approval of the acquisition and related private placement
financing. Information concerning SVI's directors and executive
officers is set forth in the publicly filed documents of SVI.
Stockholder may obtain more detailed information regarding the
direct and indirect interests of SVI and its directors and
executive officers in the acquisition and related private placement
financing by reading the preliminary and definitive proxy
statements regarding the merger and private placement financing,
which will be filed with the SEC.
Services Acquisition (AMEX:SVI)
Historical Stock Chart
From Dec 2024 to Jan 2025
Services Acquisition (AMEX:SVI)
Historical Stock Chart
From Jan 2024 to Jan 2025
Real-Time news about Services Acquisition Corp International (American Stock Exchange): 0 recent articles
More Jamba Juice News Articles