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Mount Logan Capital ( (TSE:MLC) ) just unveiled an update.
Mount Logan Capital Inc. and 180 Degree Capital Corp. have revised the terms of their proposed business combination following shareholder feedback. The revised terms increase the share allocation for 180 Degree Capital shareholders to 110% of the company’s Net Asset Value at closing. The new entity, New Mount Logan, plans to launch liquidity programs totaling US$25 million to provide shareholder liquidity, with the first US$15 million expected within 60 days post-closing. This move is aimed at enhancing shareholder value and demonstrating management’s confidence in the long-term prospects of New Mount Logan. The business combination has already received substantial support, with nearly 63% of 180 Degree Capital’s outstanding shares voting in favor, indicating strong progress towards the required approval threshold.
The most recent analyst rating on (TSE:MLC) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on Mount Logan Capital stock, see the TSE:MLC Stock Forecast page.
More about Mount Logan Capital
Mount Logan Capital Inc. is involved in alternative asset management and insurance solutions, focusing on creating growth-oriented platforms listed on U.S. exchanges.
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.47M
Find detailed analytics on MLC stock on TipRanks’ Stock Analysis page.