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Global Consumer Acquisition Corp.
Global Consumer Acquisition Corp. Announces Trust Investment Details
November 2nd, 2008
In light of recent events impacting the global financial markets, Global Consumer Acquisition Corp. (AMEX:GHC)(AMEX:GHC.U)(AMEX:GHC.WS), (the "Company" or "GCAC") announced details related to its assets being held in trust. As of October 15, 2008, the trust assets are held in a trust account at JP Morgan Chase Bank, with Continental Stock Transfer & Trust Company as trustee. The balance in the Company's trust account as of October 15, 2008 was $316,544,519. All of the trust assets are invested in the JP Morgan U.S. Treasury Plus Money Market Fund. The fund, under normal circumstances, invests its assets exclusively in obligations of the U.S. Treasury, including Treasury bills, bonds and...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-02)
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