Ellenoff Grossman Guides Infinity's $185M Glori Energy Deal

Law360, New York (January 8, 2014, 1:16 PM EST) -- Private equity-backed Infinity Cross Border Acquisition Corp. will merge with Houston-based oil technology company Glori Energy Inc. in a $185 million deal that would make Glori a publicly traded company, the companies announced Wednesday.

The new combined enterprise would be known as Glori Energy Inc. and will be listed on the Nasdaq Capital Market under the ticker symbol GLRI. Glori will use capital from the deal to acquire domestic active oil-producing assets for secondary oil recovery, making use of its chief product, its proprietary Activated Environment...
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