Cliffside Capital (TSE:CEP) has released an update.
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Cliffside Capital Ltd. is set to go private through an arrangement where all its common shares will be acquired for $0.10 each, either in cash or in shares of the purchasing company. The deal is backed by a financial commitment of up to $4.1 million from CFLP Limited Partnership for funding the cash consideration. This move follows a thorough review by an independent committee and has the unanimous support of the company’s board, excluding conflicted members.
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