Accretive Capital Partners Advocates Immediate CEO Change And Dutch Auction Tender Offer To Increase Shareholder Value At MGC Capital Corporation
- Remove Hagen Saville from his CEO and Board of Directors roles.
- Initiate a Dutch Auction Tender Offer to acquire MCG shares at prices up to $4.60/share.
- Abandon plans to grow loan origination staff, and instead, focus on managing and monetizing portfolio assets to avoid additional losses.
- Begin a dialogue with potential buyers of the company.