GMP Capital Enters Into Definitive Agreement to Consolidate Ownership of Richardson GMP
- GMP will acquire all of the common shares of Richardson GMP (or “RGMP”) that are not owned by the Company based on an enterprise value for RGMP of $420 million
- GMP will pay a special dividend of $11.3 million or 15 cents per common share to the pre-closing GMP shareholders, which together with the $20.7 million returned to shareholders in December 2019, represents approximately 76% of the $42.2 million proceeds received from the sale of the capital markets business
- GM…
