Dorchester still hunting acquisitions after Turners purchase; refines guidance

Mon, 01 Dec 2014

By Jonathan Underhill Dec. 2 (BusinessDesk) - Dorchester Pacific says it's still in the hunt for acquisitions after completing the $82 million cash, scrip and bonds-funded purchase of Turners Auctions and refining its guidance for earnings. Dorchester has invited Turners chairman Michael Dossor to join its board and his investment arm, Bartel Holdings, has ended up with 7 per cent of the finance company. Bartel owned about 20 percent of Turners and accepted a mix of shares and bonds for its stake. All up, 247 Turners shareholders took up...

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