Callidus shares tumble after report on Catalyst valuations: Reuters
Shares of Canadian specialty lender Callidus Capital Corp lost as much as 21.6 percent in two trading sessions, hitting an all-time low, after a Reuters report last week raised questions about the valuations that parent firm Catalyst Capital Group assigned to some of its portfolio companies. Callidus, which offers high-interest loans to distressed companies and went public in 2014, is one of the largest holdings in Catalyst’s private equity funds. Among other things, the Reuters report said that Callidus has so far been unable to find a buyer to take the company private.
26 March 2018•2 mins read
