Deal Snapshot
WRIGHT INVESTORS´ SERVICE TO SELL INVESTMENT MANAGEMENT AND FINANCIAL ADVISORY FIRM WINTHROP
Monday 16 April 2018

The board of US-based Wright Investors' Service Holdings, Inc. (OTC: WISH) has voted to enter into a stock purchase agreement providing for the sale of 100% of the issued and outstanding common stock of WISH's The Winthrop Corp. investment management and financial advisory subsidiary to Khandwala Capital Management, Inc., the firm said.
Khandwala Capital Management is a company principally owned and controlled by Amit S. Khandwala, the current co-chief executive officer and chief Investment officer of Winthrop. Winthrop, through its wholly owned subsidiary Wright Investors' Service, Inc., is an investment management and financial advisory firm. 


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Details
Date Published: 16/04/2018
Target: WISH/The Winthrop Corp
Country: USA
Sector: Banking/Financial Services
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: Wright Investors, ´ Service
Buyer: Khandwala Capital Management
Comment:
Terms of the deal were not disclosed

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