GHL stockholders approve acquisition of Iridium
NEW YORK — The stockholders of GHL Acquisition Corp. have voted to approve its acquisition of Iridium Holdings LLC, according to a release from GHL.
Holders of 9,214,167 shares voted against the acquisition of Iridium and have submitted valid elections to seek redemption of their shares of common stock, the company reported.
The acquisition is expected to close on Sept. 29, subject to the satisfaction of customary closing conditions.
“We are very pleased with the outcome of the vote, and look forward to welcoming all our new shareholders to the combined company,” Scott L. Bok, chairman of GHL Acquisition, said in the release.
GHL Acquisition is a special purpose acquisition company launched in February 2008. Iridium provides mobile satellite communications services to the marine market, among others.
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