SWK Holdings Corporation (NASDAQ:SWKH) (the “Company” or “SWK”) today announced that the special committee of the Company’s board of directors (the “Special Committee”) has concluded its investigation of the non-binding proposal received from funds managed by Carlson Capital, L.P. (“Carlson Capital”) to acquire all shares of SWK not already owned by Carlson Capital.
In connection with its review and consideration of Carlson Capital’s proposal, the Special Committee and its advisors entered into discussions with Carlson Capital and its advisors pursuant to which the Special Committee provided feedback to and exchanged counterproposals with Carlson Capital. As a result of these discussions, the Special Committee concluded that it would not be able to reach an agreement with Carlson Capital with respect to Carlson Capital’s latest $20.20 per share proposal based on other economic and non-economic terms and the Special Committee determined that it would dissolve.
The Company remains committed to focusing on and growing SWK’s core specialty finance business, consistent with the Company’s press release issued on November 1, 2021.
