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ALLEN-VANGUARD Corporation
Allen-Vanguard and Tailwind Financial Inc. announce proposed merger and shareholder rights offering
February 13th, 2009
Allen-Vanguard Corporation (TSX: VRS) ("Allen-Vanguard" or the "Company") of Ottawa, Canada and Tailwind Financial Inc. (NYSE Alternext US:TNF, TNF.U, TNF.WS) ("Tailwind"), a Delaware-based special purpose acquisition company ("SPAC") with a head office in Toronto, Canada, announced that they have entered into an arrangement agreement pursuant to which Tailwind will acquire all of the shares of Allen-Vanguard in exchange for shares of Tailwind with closing in mid April, 2009. The name of the merged entity will be Allen Vanguard Corporation. Allen-Vanguard is a leading global provider of integrated solutions for protection and counter-measures against hazardous devices...
Source: Health Business Week (2009-02-13)
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