Brief: Western Investment Company Secures Agreement To Increase Ownership In Fortress Insurance To 43% Upon Closing Of Its Proposed Transaction

Western Investment of Canada

26/03/2024 21:41

March 26 (Reuters) - Western Investment Company of
Canada Ltd  WI.V :
    * WESTERN INVESTMENT COMPANY SECURES AGREEMENT TO INCREASE
OWNERSHIP IN FORTRESS INSURANCE TO 43% UPON CLOSING OF ITS
PROPOSED TRANSACTION
    * WESTERN INVESTMENT COMPANY OF CANADA: SECURED DEAL TO BUY
1
MILLION SHARES OR 14.22% OF TOTAL SHARES OUTSTANDING IN FORTRESS
FOR CA$2.6 MILLION
    * WESTERN INVESTMENT COMPANY OF CANADA: PLANS TO OFFER
EXISTING
FORTRESS SHAREHOLDERS OPTION OF GETTING CASH OR CURRENT COMMON
SHARES OF CO AT $0.40PER SHARE

Source text for Eikon:  ID:nGNX6QWnH5 
Further company coverage:  WI.V 

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