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Article: Enterprise Acquisition Corp. and ARMOUR Residential REIT, Inc. Announce Approval of Merger Transaction.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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BOCA RATON, Fla., Nov. 5 /PRNewswire-FirstCall/ -- Enterprise Acquisition Corp. ("Enterprise") (NYSE Amex: EST; EST.U; EST.WS) and ARMOUR Residential REIT, Inc. ("ARMOUR") announced that Enterprise's stockholders today approved the proposed merger transaction with ARMOUR at Enterprise's special meeting of stockholders. The closing of the transaction is anticipated to occur on November 5, 2009.
In addition to approving the business combination, Enterprise's warrantholders also approved amendments to its warrants to (a) increase the exercise price of the warrants to $11.00 per share and (b) extend the expiration date of the warrants to November 7, 2013.
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