	magellan sets merger with balzac investments magellan corp said its shareholders approved the merger of magellan with balzec investments inc a privately held company based in dallas magellan a company without operations that was formed to uire an operating entity said it plans to engage in the development and marketing of a battery charger product owned by balzac magellan did not disclose the terms of the agreement following the merger balzac shareholders will hold pct of the outstanding stock of magellan the company said magellan said it will be the surviving corporation following the merger the companies said they expect the merger will occur after the declaration of effectiveness of an amendment to magellan s registration statement relating to its common stock purchase warrants and the underlying shares reuter 
