Azteca Acquisition Corporation Sets Date For Special Meetings Of Stockholders To Approve Merger With Cine Latino, Inc. And InterMedia Español Holdings, LLC And Of Public Warrantholders To Approve Amendment Of Warrants
Azteca Acquisition Corporation (OTCBB: AZTA; AZTAW; AZTAU) (“Azteca”) announced today that the special meeting of its stockholders to approve its previously announced merger (the “Azteca Merger Proposal”) with Cine Latino, Inc. (“Cinelatino”) and InterMedia Español Holdings, LLC (“WAPA”) and the special meeting of its public warrantholders to approve the amendment of certain terms of its warrants, will be held on April 4, 2013, at 9:30 a.m. and 9:00 a.m., Eastern Time, respectively, at the offices of Greenberg Traurig, LLP, 200 Park Avenue, New York, New York. Azteca expects the closing of the merger, if approved, to occur, as promptly as practicable thereafter, subject to the satisfaction of various closing conditions. Azteca has mailed the definitive proxy statement/prospectus related to the proposed merger and warrant amendment (the “Proxy Statement”) to its stockholders and warrantholders of record as of 5:00 p.m., Eastern Time, on March 10, 2013 (the “Record Date”). The Proxy Statement is available online at the SEC’s website ( www.sec.gov). Stockholders and public warrantholders are urged to review such materials carefully. As more fully described in the Proxy Statement, Azteca is providing its holders of Azteca common stock issued in Azteca’s initial public offering with the opportunity to cause Azteca to redeem their shares for cash, by complying with the requirements set forth in the Proxy Statement, irrespective of whether such holders vote for or against the approval of the merger. Azteca anticipates that the redemption price will be $10.05 per share. Only stockholders of record as of 5:00 p.m., Eastern Time, on the Record Date may exercise redemption rights for their shares. Consequently, shares of Azteca common stock transferred after the Record Date cannot be redeemed. As also more fully described in the Proxy Statement, shares of Azteca common stock must be tendered for redemption no later than April 2, 2013, the date that is two business days prior to the scheduled stockholder vote on the Azteca Merger Proposal. Only Azteca warrantholders of record as of 5:00 p.m., Eastern Time, on the Record Date are entitled to have their consents to the proposed warrant amendment counted at the Azteca meeting of public warrantholders.