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Wright Investors´ Service to Sell Investment Management and Financial Advisory Firm Winthrop
Monday 16 April 2018

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. 

The sale transaction is subject to the approval of the stockholders of WISH.

It is subject to various closing conditions and it is anticipated that such closing will take place promptly after the date on which the WISH stockholder meeting is held if the sale is approved at such meeting. Management of WISH anticipates that the closing will occur on or prior to July 31, 2018.
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
Terms of the deal were not disclosed