SPAC Sponsored by Greenhill Announces Commencement of Common Stock Offering
September 04 2009 - 4:00PM
PR Newswire (US)
NEW YORK, Sept. 4 /PRNewswire-FirstCall/ -- Greenhill & Co.,
Inc. ("Greenhill") (NYSE:GHL) today announced that GHL Acquisition
Corp. ("GHL Acquisition") (NYX: GHQ, GHQ.U and GHQ.WS), the special
purpose acquisition company sponsored by Greenhill, has announced
the commencement of an offering of 16,000,000 newly issued shares
of its common stock. GHL Acquisition announced that it intends to
use the proceeds of the offering to fund its previously announced
repurchases of common stock and exchanges of warrants as well as
for general corporate purposes. Forward-Looking Statements and
Other Disclosure This press release contains certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "anticipates,"
"may," "can," "believes," "expects," "projects," "intends,"
"likely," "will," "to be" and other expressions that are
predictions of or indicate future events, trends or prospects
identify forward-looking statements. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of Greenhill or GHL Acquisition to differ materially
from any future results, performance or achievements expressed or
implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, uncertainties
regarding the timing of the proposed transaction with Iridium,
whether the transaction will be approved by GHL Acquisition's
stockholders, whether the closing conditions will be satisfied
(including receipt of regulatory approvals), as well as industry
and economic conditions, and competitive, legal, governmental and
technological factors. There is no assurance that Greenhill or GHL
Acquisition's expectations will be realized. If one or more of
these risks or uncertainties materialize, or if Greenhill or GHL
Acquisition's underlying assumptions prove incorrect, actual
results may vary materially from those expected, estimated or
projected. The forward-looking statements speak only as of the date
of this press release or as of the date they are made, and, except
as required by law, Greenhill undertakes no obligation to update
forward-looking statements. This press release is for informational
purposes only and does not constitute an offer of any securities
for sale. Contact: Richard J. Lieb, Chief Financial Officer
Greenhill & Co., Inc. (212) 389-1800 DATASOURCE: Greenhill
& Co., Inc. CONTACT: Richard J. Lieb, Chief Financial Officer,
Greenhill & Co., Inc., +1-212-389-1800
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