DOUBLE EAGLE ACQUISITION CORP. (NASDAQ:EAGL) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On November 16, 2017, Double Eagle Acquisition Corp. (the “Company”) held an extraordinary general meeting (the “Extraordinary General Meeting”) at which its shareholders approved the previously announced business combination (the “Business Combination”) with Williams Scotsman International, Inc. (“Williams Scotsman”) and the other proposals presented for shareholder vote.
The Company expects that at least $290 million will be available from the Company’s trust account at the closing, after giving effect to redemptions.
In addition, on November 16, 2017, a complaint was filed in the Supreme Court of the State of New York against certain members of Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, the “Algeco Group”) and certain of its affiliates and related individuals, and against the Company and its wholly-owned acquisition subsidiary, purportedly on behalf of some of the holders of the Algeco Group’s 10.75% Senior Unsecured Notes due 2019. The complaint asserts claims against the Algeco Group and certain of its affiliates and related individuals for a variety of claims related to the Business Combination, including fraudulent conveyance, and against the Company and its acquisition subsidiary for fraudulent conveyance. The Company disputes each of the claims asserted against it in the complaint, which it believes are without merit, and will vigorously defend against such claims. The Algeco Group has advised the Company that it disputes each of the claims asserted against the Algeco Group in the complaint, which it believes are without merit, and will vigorously defend against such claims.
About DOUBLE EAGLE ACQUISITION CORP. (NASDAQ:EAGL)
Double Eagle Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is not engaged in, and will not engage in, any operations for an indefinite period of time. The Company has not generated any revenue.