Callidus Capital shares fall to all-time low after loss: Reuters
Shares of Callidus Capital Corp, the Toronto specialty lending company owned by Canadian private equity firm Catalyst Capital Group, plunged to an all-time low this week after it reported a fourth-quarter and annual loss, Reuters reported. This resulted in a sharp drop in share values. The decline comes after more than a year of Catalyst’s attempts to sell Callidus to a private buyer, saying last year it was targeting a price of $18 to $22 a share. Catalyst and Callidus head Newton Glassman said that the effort to take the company private continues, with “numerous parties” still part of the process.
3 April 2018•2 mins read
