Freedom Acquisition Holdings, Inc. Announces Expected Transfer of Listing to NYSE Under the Symbol GLG
23 Octobre 2007 - 11:34PM
PR Newswire (US)
NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- Freedom Acquisition
Holdings, Inc. (AMEX:FRH) (AMEX:FRH.U)(AMEX:FRH.WS) ("Freedom")
today announced that it has been approved to submit an application
to list its common stock, warrants and units, and expects to begin
trading, on the New York Stock Exchange on or about November 5,
2007, under the symbols GLG, GLG WS and GLG.U, respectively. The
company's common stock, warrants and units are expected to continue
trading on the American Stock Exchange under the symbols FRH,
FRH.WS and FRH.U, respectively, through November 2, 2007. The
expected transfer of Freedom's listing and change in symbol are in
connection with the proposed acquisition of GLG Partners LP and
certain affiliated entities by Freedom and certain of its
wholly-owned subsidiaries, which is subject to certain conditions
to completion, including the approval of Freedom's stockholders at
a special meeting to be held on October 31, 2007, receipt of
financing for the acquisition transaction and all other conditions
to closing. In connection with the acquisition transaction, Freedom
will change its name to GLG Partners, Inc. About GLG GLG, the
largest independent alternative asset manager in Europe and one of
the largest in the world, offers its base of long-standing
prestigious clients a diverse range of investment products and
account management services. GLG's focus is on preserving client's
capital and achieving consistent, superior absolute returns with
low volatility and low correlations to both the equity and fixed
income markets. Since its inception in 1995, GLG has built on the
roots of its founders in the private wealth management industry to
develop into one of the world's largest and most recognized
alternative investment managers, while maintaining its tradition of
client- focused product development and customer service. As of
June 30, 2007, GLG had gross assets under management of over $21
billion. About Freedom Freedom is a blank check company
incorporated in Delaware in 2006 to effect a merger, stock
exchange, asset acquisition, reorganization or similar business
combination with an operating business or businesses which it
believes has significant growth potential. Freedom consummated its
initial public offering on December 28, 2006. Forward-looking
Statements This press release contains statements relating to
future results of GLG and Freedom that are "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those
projected as a result of certain risks and uncertainties. These
risks and uncertainties include, but are not limited to: market
conditions for GLG managed investment funds; performance of GLG
managed investment funds, the related performance fees and the
associated impacts on revenues, net income, cash flows and fund
inflows/outflows; the cost of retaining GLG's key investment and
other personnel or the loss of such key personnel; risks associated
with the expansion of GLG's business in size and geographically;
operational risk; litigation and regulatory enforcement risks,
including the diversion of management time and attention and the
additional costs and demands on GLG's resources; risks related to
the use of leverage, the use of derivatives, interest rates and
currency fluctuations; costs related to the proposed acquisition;
failure to obtain the required approvals of stockholders of Freedom
for the proposed acquisition transaction; risks that the closing of
the transaction is substantially delayed or that the transaction
does not close; the successful combination of Freedom with GLG's
business; Freedom's inability to obtain additional financing to
complete the acquisition transaction; and the limited liquidity and
trading of Freedom securities. Additional information on these and
other factors that may cause actual results and GLG's and Freedom's
performance to differ materially is included in the Freedom's
filings with the SEC, including but not limited to Freedom's Form
10-K for the year ended December 31, 2006, subsequent Forms 10-Q
and definitive proxy statement with respect to the Special Meeting
filed on October 11, 2007. Copies may be obtained by contacting
Freedom or on the SEC Internet site (http://www.sec.gov/). Freedom
and GLG caution readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
These forward-looking statements are made only as of the date
hereof, and Freedom and GLG undertake no obligation to release
publicly any updates or revisions to any forward-looking
statements, whether as a result of changes in expectations, events,
conditions or circumstances on which any such statement is based,
new information, future events or otherwise, except as required by
law. Additional Information and Where to Find It Freedom
Acquisition Holdings, Inc. ("Freedom") has mailed a definitive
proxy statement in connection with the proposed acquisition of GLG
Partners LP and its affiliated entities (collectively, "GLG") to
Freedom stockholders. The definitive proxy statement was filed with
the U.S. Securities and Exchange Commission (the "SEC") on October
11, 2007. Stockholders of Freedom and other interested persons are
advised to read the definitive proxy statement and any other
relevant documents in connection with Freedom's solicitation of
proxies for the special meeting to be held to approve the proposed
acquisition because these documents contain important information
about GLG, Freedom and the proposed acquisition. Stockholders may
obtain a copy of the definitive proxy statement, without charge, at
the SEC's internet site at http://www.sec.gov/ or by directing a
request to: Freedom Acquisition Holdings, Inc., 1114 Avenue of the
Americas, 41st floor, New York, New York 10036, telephone (212)
380-2230. Freedom and its directors and officers may be deemed
participants in the solicitation of proxies from Freedom's
stockholders. a list of the names of those directors and officers
and descriptions of their interests in Freedom is contained in the
definitive proxy statement. Freedom's stockholders may obtain
additional information about the interests of its directors and
officers in the proposed acquisition by reading the definitive
proxy statement. DATASOURCE: Freedom Acquisition Holdings, Inc.
CONTACT: Investors-analysts, Simon White, Chief Financial Officer,
+44 (0)20 7016 7000, , or Michael Hodes, Acting Director of
Investor Relations, +1-212-224-7223, , both of GLG; Freedom, in the
US, Martin E. Franklin, Chairman, +1-914-967-9400, or Freedom, in
Europe, Nicolas Berggruen, President and CEO, + 44 (0)20 7861 0985;
or Media, Rupert Younger, , Amanda Lee, , +44 (0)20 7251 3801, or
Andy Merrill, +1-212-303-7600, , both of Finsbury
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