Mill Road Capital acquires Cossette
By Adnews Staff
Cossette has become a wholly-owned subsidiary of Mill Road Capital, a private investment firm based in Greenwich, CT. The deal, in which Mill Road acquired all outstanding shares of Cossette at a price of $8.10 each, was approved by Cossette's stockholders on Dec. 18. The deal was finalized on Dec. 23, when Cossette stock was delisted from the Toronto Stock Exchange. Cossette is now once again a private company. Cossette will continue to operate as its own brand, with its head office in Quebec City and the current management staff in place. According to the company, no significant changes in strategic direction or operations are expected as a result of the privatization.
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