Jamba Juice shareholders approve merger

March 27, 2006
Jamba Juice and SVI and Services Acquisition Corp International (SVI) announced that Jamba Juice’s shareholders have approved a merger with SVI.

Jamba Juice and SVI and Services Acquisition Corp International (SVI) announced that Jamba Juice’s shareholders have approved a merger with SVI.

Upon consummation of the merger, SVI will seek to change its name to Jamba Inc. Under terms of the agreement, Jamba Juice shareholders will receive cash of $265 million less certain indebtedness, transaction expenses, and amounts escrowed for indemnity claims. Closings of the merger and SVI financing are subject to customary conditions.

Jamba Juice produces freshly blended-to-order fruit smoothies, juices, and snacks. The firm has more than 533 company and franchised stores in 26 states nationwide. SVI was formed specifically to consummate a business merger.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...