Callidus interim CEO Patrick Dalton resigns after four months GlobeBusiness
Callidus is a core holding for Glassman’s Catalyst Capital Group Inc, one of the largest private equity firms in Canada. Catalyst had hoped to sell Callidus for between $18 and $22 a share, but the stock now trades around $1.70. Callidus is one of several holdings that Catalyst has struggled to sell, as noted in a March 2018 Reuters Special Report.
Dalton, a former Apollo Global Management Llc executive and turnaround specialist for investment firms, took over for Glassman on Nov. 5. Dalton was one of two senior executives brought in to “support further growth of its loan portfolio and to continue unlocking value from its portfolio of operating companies” following Glassman’s departure, Callidus said on Oct. 29.
Callidus said in August that it had discontinued the use of an unusual “yield enhancement” accounting technique - highlighted by Reuters in its story - after comments by the Ontario Securities Commission, which put the company on its “Refilings and Errors List” for three years.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dalton McGuinty is back preaching ‘green’ again — whether Ontario wants him or notDalton McGuinty is back preaching ‘green’ again — whether Ontario wants him or not via fpcomment
Read more »
Pompey & Bichette have been spring training surprises for Montoyo - Sportsnet.caNew BlueJays manager Charlie Montoyo says Dalton Pompey, Bo Bichette and Freddy Galvis have really impressed him in camp so far.
Read more »
Pompey leaves after fouling ball off knee - TSN.caToronto Blue Jays outfielder Dalton Pompey fouled a ball off his right knee in a split-squad game against the Pittsburgh Pirates and was removed following the at bat according to MLB.com's Gregor Chisholm. He was replaced after the strikeout by Roemon Fields in the bottom of the first inning.
Read more »
B.C. communities still without bus service four months after Greyhound left“What is the deadline to have service – is it one year, or two years?” asks Phil Mader, a Nelson resident who can’t get to Creston to visit his girlfriend.
Read more »
Dalton McGuinty is back preaching ‘green’ again — whether Ontario wants him or notDalton McGuinty is back preaching ‘green’ again — whether Ontario wants him or not via fpcomment
Read more »
Pharmacare advisor denies eight-page interim report a deflection from Butts testimony‘I’m a former politician myself and I know that things often sort of happen by coincidence on the same day as you plan an announcement’
Read more »
Patrick Lane, Governor-General Award-winning poet and novelist, dies at 79Lane’s career spanned 50 years and included 25 volumes of poetry and award-winning books of fiction and non-fiction, according to his website
Read more »
Patrick Johnston: It's 'Sevens Heaven' this weekend and here's what you need to knowThe 2019 Canada Sevens run at B.C. Place Stadium on March 9-10.
Read more »