The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
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The Western Investment Company of Canada Ltd announced a revised transaction to simplify the acquisition of Fortress Insurance, increasing its stake from 28.5% to 100%. The new plan includes a backstopped rights offering and a private placement, aiming for a more efficient path to growth without needing shareholder approval. The revised strategy is set to expedite the company’s investment goals and maintain a simpler capital structure.
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