Catalyst-owned Callidus Capital to explore privatization options
Canadian specialty lender Callidus Capital Corp (TSX: CBL) said its board of directors has decided to begin a process of soliciting privatization proposals with the support of a financial advisor. Callidus said the decision is the result of a "persistent discount" in its shares. Canadian private equity firm Catalyst Capital Group, which currently holds about 65 percent of the Toronto-based company's issued and outstanding shares, said it has "no current intention" to sell its interest or bid for shares it does not already hold. Callidus went public in April 2014.
3 October 2016•3 mins read
