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BRIEF-Equity Financial agrees to be taken private by Smoothwater Capital
October 31, 2017 / 3:03 AM / in 25 days

BRIEF-Equity Financial agrees to be taken private by Smoothwater Capital

Oct 30 (Reuters) - Equity Financial Holdings Inc -

* Equity Financial Holdings Inc enters into arrangement agreement to be taken private by Smoothwater Capital Corporation; Hennick & Company and others to co-invest in private company post-arrangement

* Each share will be acquired for $9.75 per share in cash

* Price per share implies a total equity value of approximately $93 million

* Arrangement was unanimously recommended by a special committee of the board of directors Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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