American Stock Exchange Lists Units of Union Street Acquisition Corp.
February 06 2007 - 1:23PM
PR Newswire (US)
NEW YORK, Feb. 6 /PRNewswire-FirstCall/ -- The American Stock
Exchange(R) (Amex(R)) today listed the units of Union Street
Acquisition Corp. under the ticker symbol USQ.U. The offering size
is 12.5M units at $8.00 per unit for gross proceeds of $100M
(excluding the underwriters' over-allotment option). One unit
equals one share of common stock and one warrant. Initially, the
units will be the only security trading. The IPO is underwritten by
Bank of America Securities LLC. Union Street Acquisition Corp. is a
newly organized company formed for the purpose of acquiring through
a business combination one or more operating businesses in the
business services industry in North America. "The American Stock
Exchange is pleased to welcome Union Street Acquisition Corp. to
our market," said John McGonegal, Senior Vice President of Amex's
Equities Group. "As a newly formed company entering a competitive
marketplace, we believe Union Street Acquisition can benefit from
the host of services the Amex provides its listed entities." The
specialist in Union Street Acquisition Corp. will be LaBranche
& Co. For further information on USQ.U and other Amex-listed
companies, please visit http://www.amex.com/. The American Stock
Exchange(R) (Amex(R)) offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 259 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. For more information, please visit
http://www.amex.com/ DATASOURCE: American Stock Exchange CONTACT:
Catherine Chantharaj of American Stock Exchange, +1-212-306-1689,
Web site: http://www.amex.com/
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