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Stock Market & Financial Investment News

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July 16, 2014
16:26 EDTCACGUChart Acquisition trading halted, pending news
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July 16, 2014
17:02 EDTCACGUChart Acquisition agrees to business combination with Tempus Jets
Chart Acquisition announced that it signed definitive agreements to complete a business combination transaction with Tempus Intermediate Holdings. Tempus Jets is a diversified aviation services business that modifies, leases and operates commercial aircraft for highly specialized purposes for governments, corporations and ultra-high-net-worth individuals worldwide.The business combination values Tempus Jets at $140M. When the transaction is closed, Chart Acquisition will be renamed The Tempus Group and intends to apply to list its shares of common stock on the Nasdaq Stock Market under the symbol "TJET". Tempus' Founder and CEO, Scott Terry and his partner, Jack Gulbin, together will own a majority interest in the combined company. All of the members of the Tempus senior management team will continue in their current positions.
16:26 EDTCACGUChart Acquisition trading halted, pending news
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