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Stock Market & Financial Investment News

News Breaks
January 8, 2014
09:03 EDTINXBInfinity Cross Border and Glori Energy to merge in $185M transaction
Infinity Cross Border and Glori Energy announced that they have entered into a merger and share exchange agreement whereby Glori will become a publicly listed company through a merger with Infinity, in a transaction valued at approximately $185M. Following completion of the transaction, the new enterprise will be called Glori Energy and is expected to be listed on the Nasdaq Capital Market under the ticker symbol GLRI. In connection with the transaction, Hicks, Infinity Group and other investors have agreed to purchase between $8.5M and $25M of common stock in Infinity, which purchase will be consummated at the closing of the transaction. Mr. Hicks has also joined the board of Infinity. The boards of directors of both Infinity and Glori have unanimously approved the terms of the transaction.
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April 14, 2014
16:02 EDTINXBInfinity Cross Border, Glori Energy complete merger
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