Brief: Great Elm Group Sells A Majority Interest In Forest Investments Inc To An Affiliate Of JPMorgan Chase & Co

Great Elm

03/01/2023 13:14

Jan 3 (Reuters) - Great Elm Group Inc  GEG.O :
    * GREAT ELM GROUP SELLS A MAJORITY INTEREST IN FOREST
INVESTMENTS,
INC. TO AN AFFILIATE OF JPMORGAN CHASE & CO.
    * GREAT ELM GROUP - SOLD 61% OF ITS DIRECT AND INDIRECT
COMMON
EQUITY OF FOREST TO J.P. MORGAN BROKER-DEALER HOLDINGS FOR ABOUT
$18 MILLION IN CASH
    * GREAT ELM GROUP INC - HAS RIGHT TO PUT ITS REMAINING 19%
OWNERSHIP INTEREST IN FOREST FOR CASH PROCEEDS OF APPROXIMATELY
$27 MILLION

Source text for Eikon:  ID:nGNX6jBbDH 
Further company coverage:  GEG.O 
 ((Reuters.Briefs@thomsonreuters.com;))