Stone Investment extends offer to purchase debentures to Dec. 28

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Stone Investment Group Ltd. again extended the offer period of its cash offer to purchase 7,293 debentures, according to a news release.

The offer will now expire at 5 p.m. ET on Dec. 28, pushed out from 5 p.m. ET on Dec. 22.

On Tuesday, the company increased the amount it is willing to pay per debenture to C$800 from C$770.

The financing is already in place for the increased amount.

Debentureholders who have already submitted irrevocable letters of transmittal will receive the increased offer price and need not take any action.

SIG is near 95% of its debenture threshold.

There is a competing offer to purchase the debentures by IC Capitalight Corp., and the competing offer may or may not be fully funded, as previously reported.

Stone Investment is an independent wealth management company based in Toronto.

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