Brief: Harris & Harris Group reports a proposed strategic restructuring

180 Degree Capital

20/12/2016 21:30

Dec 20 (Reuters) - Harris And Harris Group Inc  TINY.O : 
    * Harris and Harris Group Inc - are recommending separation 
of Harris & Harris Group, currently a business development co  
into two distinct entities 
    * Currently aim to implement this restructuring during q2 of 
2017 
    * Harris & Harris Group announces a proposed strategic 
restructuring 
    * First entity will be a registered closed-end fund named 
180 degree capital corp 
    * Harris and Harris Group Inc says  propose to manage assets 
that are not core to business strategy of hale under name 180 
degree Capital Corp 
    * Harris and Harris Group - second entity, Hale.Life Corp, 
will be operating co focused exclusively on building a precision 
health, medicine business 
    * Harris and Harris -180 will be led by Kevin Rendino, 
current member of board, as CEO, and by Daniel Wolfe, current 
president, cfo and cco, who will serve in same roles 
    * Harris & Harris Group announces a proposed strategic 
restructuring 
 
Source text for Eikon:  ID:nMKWCC72La  
Further company coverage:  TINY.O  
 
 ((bangalore.newsroom@thomsonreuters.com;))