Echo Lake Capital and Deerhaven Capital Offers to Acquire U.S. Global Investors (GROW) for $5.30 per share

  • June 27, 2022

POTENTIAL DEAL DETAILS

Stock U.S. Global Investors, Inc. Symbol GROW
Date Announced 06/27/2022 Source Accesswire
Type Unsolicited Bid Acquiring Company/Person Echo Lake Capital and Deerhaven Capital

Echo Lake Capital and Deerhaven Capital issued a letter to the Board of Directors of U.S. Global Investors, Inc. (GROW). The letter described a proposal to acquire all of the Company’s Class A shares for $5.30 per share.

Update(s):

July 03, 2022: U.S. Global Investors (GROW) rejects Proposal from Echo Lake Capital and Deerhaven Capital stating that it does not believe the Proposal provides the Company’s shareholders with appropriate value for their securities and therefore is not interested in pursuing the Proposal based on the terms submitted.

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