Mount Logan Capital Inc. and 180 Degree Capital Corp. Announce Agreement to Merge in All-Stock Transaction
Mount Logan Capital Inc. (Cboe Canada: MLC) has entered into a definitive agreement to combine with 180 Degree Capital Corp. (NASDAQ:TURN) in an all-stock transaction. The resulting entity will be a Delaware corporation named Mount Logan Capital Inc. (“New Mount Logan”) and will be listed on Nasdaq under the symbol MLCI. In this merger, 180 Degree Capital shareholders will receive ownership in New Mount Logan based on 180 Degree Capital’s Net Asset Value at closing, relative to the valuation of Mount Logan at approximately US$67.4 million, with certain adjustments made before closing.
Wildeboer Dellelce is acting for Mount Logan with a team that includes Perry Dellelce, Sanjeev Patel, Rebecca Cochrane, Sarah Wahba, Sam Fata (corporate/securities/mergers and acquisitions) and Mariam Al-Shikarchy and Marija Tasevska (tax).
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