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Slide #17. Senior Management and Birch Hill Equity Partners — Tuckamore Capital Management Inc.
Senior Management and Birch Hill Equity Partners
Tuckamore Capital Management Inc. (TX.CA)
Tuckamore Capital Management Inc. (TSX:TX)(TSX:TX.DB.B) ("Tuckamore" or "Company") today announced that the Company has entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which certain members of Tuckamore's senior management, along with the support of certain funds managed by Birch Hill Equity Partners ("Birch Hill"), have agreed to indirectly acquire, by way of a plan of arrangement under the Business Corporations Act (Ontario), all of the issued and outstanding common shares of the Company (each a "Share") for cash consideration at a price of $0.75 (the "Consideration") per Share (the "Arrangement"), which price per Share represents a 21.0% premium to the closing price of the Shares on the Toronto Stock Exchange ("TSX") on May 2, 2014 and a 39.2% premium to the volume-weighted average price of the Shares over the last 30 trading days.