Tuckamore says ISS view of buyout plan flawed: Reuters
Tuckamore Capital Management, which invests in early- and mid-stage private companies, said on Wednesday it believes a leading proxy advisory firm's recommendation against a proposed management-led buyout of Tuckamore is flawed, Reuters reported. The buyout plan, backed by Canadian private equity firm Birch Hill Equity Partners, already has faced opposition from shareholders that control close to 30 percent of Tuckamore's shares. Tuckamore announced in May that senior management, with the support of Birch Hill, agreed to acquire the firm in a deal that valued it at about $60 million.
2 July 2014•2 mins read
