Tom Hicks's Acquisitions Venture Tries One More Time to Acquire Something
A filing with the Securities and Exchange Commission yesterday addresses all those issues and more: Yes, Hicks Acquisitions is going to acquire something after all -- an oil and gas exploration-production company called Resolute Natural Resources Co. -- in a deal worth $582 million. This deal replaces a previously announced acquisition -- Graham Packaging Holdings, owned by Blackstone Group -- that has since been "terminated," according to the SEC filing. But that shareholder meeting won't head the NYSE's deadline: Says the filing, "The Company contemplates holding such stockholder meeting by September 28, 2009 in lieu of the previously contemplated August 11, 2009 date." The feds granted Hicks a grace period -- but who isn't these days?