SWK Holdings up on top shareholder's proposal to acquire remaining shares

SWK Holdings

24/11/2021 15:23

** Healthcare finance firm's  SWKH.O  shares up 4.2% at
$18.9 
    ** Co says it received a proposal from asset management firm
Carlson Capital L.P., its top shareholder, to acquire SWKH
shares it does not own
    ** Carlson proposes to buy each share for $19 in cash, a
premium of 4.7% to SWKH's closing price on Tuesday  urn:newsml:reuters.com:*:nPn4dzhzFa
    ** Co says a special committee in consultation with its
advisers will review the proposal 
    ** Carlson already holds about 70% of SWKH as of Nov. 23,
according to Refinitiv data 
    ** Up to Tuesday's close, stock had risen ~26% YTD

 (Reporting by Dania Nadeem in Bengaluru)