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News Breaks | | | | February 13, 2013 | | 16:26 EDT |  | PLCC | Paulson Capital agrees to change of ownership transaction for subsidiary license
Paulson Capital has agreed in principle to a change of ownership transaction for the Broker-Dealer license held by its wholly owned subsidiary, Paulson Investment Company. Under the proposed transaction, the Broker-Dealer license, cash, and a majority of PICI's personnel will be transferred to a new limited liability company in exchange for a 25% interest in the LLC to be held by Paulson Capital. The purpose of the transaction is to bring in an investing partner and management team to expand on Paulson's boutique investment banking activities. The transaction is expected to be consummated in March. | |
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