Shareholders put counter funding offer to Tuckamore
A consortium of shareholders in Tuckamore Capital Management (TSX:TX) have proposed financing at different terms than that being provided by U.S. investment firm Orange Capital. Tuckamore recently announced a $12.5 million transaction with Orange following the cancellation of its take-private acquisition with Birch Hill Equity Partners. The consortium, which includes Access Holdings Management Co and First Series of Halcyon Trading Fund LLC, said it could provide the same amount with less dilution. Based in Toronto, Tuckamore is a private equity firm.
28 July 2014•5 mins read
