BRIEF-Mount Logan Capital Inc - To Combine With 180 Degree Capital In All-Stock Deal

Reuters
17 Jan
BRIEF-Mount Logan Capital Inc - To Combine With 180 Degree Capital In All-Stock Deal

Jan 17 (Reuters) - Mount Logan Capital Inc MLC.NLB:

  • TO COMBINE WITH 180 DEGREE CAPITAL IN ALL-STOCK DEAL

  • SHAREHOLDERS TO RECEIVE OWNERSHIP BASED ON $67.4 MILLION EQUITY VALUE

  • DEAL VALUED AT $113.6 MILLION PRO FORMA EQUITY VALUE AT CLOSING

  • NEW ENTITY TO OPERATE AS MOUNT LOGAN CAPITAL INC. ON NASDAQ

Source text: ID:nGNX3Mtdd8

Further company coverage: MLC.NLB

((Reuters.Briefs@thomsonreuters.com;))

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