GEROVA Financial Group

GEROVA Financial Group, Ltd (NYSE: GFC) is an international reinsurance company with operating insurance subsidiaries in Bermuda, Barbados, and Ireland.

Acquisitions and name changes

Gerova was previously named Asia Special Situations Acquisition Corporation. The name was changed in February 2010.[1]

As Asia Special Situations Acquisition Corporation, the company attempted to acquire White Energy, an Australian coal mining firm, in 2009. [2] However, that deal did not occur.[3]

On December 7, 2010, Gerova announced agreements, subject to approval, to acquire Seymour Pierce, a small London investment bank and Ticonderoga Securities, a New York securities broker.[4] If the transactions close, Gerova would use the Seymour Pierce name.

References

  1. ^ "GEROVA Financial Group Ltd., Formerly Asia Special Situation Acquisition Corp., Announces That Its Securities Are Now Trading On The NYSE Amex Exchange Under The Symbol GFC". The Street. February 1, 2010. http://www.thestreet.com/story/10671363/gerova-financial-group-ltd-formerly-asia-special-situation-acquisition-corp-announces-that-its-securities-are-now-trading-on-the-nyse-amex-exchange-under-the-symbol-gfc.html. 
  2. ^ "White Energy Affiliate Enters Into Bank Debt Facility With Standard Chartered Bank". MarketWire. September 21, 2009. http://www.marketwire.com/press-release/White-Energy-Affiliate-Enters-Into-Bank-Debt-Facility-With-Standard-Chartered-Bank-NYSE-Amex-CIO-1047155.htm. 
  3. ^ "White Energy Ditches Planned Merger For A$100M Raising". White Energy. November 11, 2009. http://www.whiteenergyco.com/news/media-articles/white-energy-ditches-planned-m.php. 
  4. ^ "Gerova buys Seymour Pierce, Ticonderoga Securities". New York: Bloomberg Business Week. December 7, 2010. http://www.businessweek.com/ap/financialnews/D9JV6PFO0.htm.