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Provider: Thomson Reuters StreetEvents

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SCG Financial Acquisition Corp Announces Completion Of Business Combination With Reach Media Group Holdings, Inc.

Monday, 8 Apr 2013 06:57pm EDT 

SCG Financial Acquisition Corp announced that it has successfully completed its business combination with Reach Media Group Holdings, Inc. (RMG Networks), a digital signage media and technology company. Going forward, SCG will do business as 'RMG Networks'. It is expected that beginning on April 10, 2013, the stock ticker symbol for shares of SCG common stock will change from 'SCGQ' to 'RMGN'. SCG anticipates that payments to holders of its shares of common stock that tendered their shares will be made promptly following the closing of the business combination. SCG currently anticipates consummating the acquisition of Symon Holdings Corporation in the near term. Lazard Freres & Co LLC is acting as exclusive financial advisor to SCG and legal counsel to SCG is Greenberg Traurig, LLP. Barclays is acting as exclusive financial advisor to RMG Networks and legal counsel to RMG Networks is Fenwick & West LLP. 

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