Tally-Ho Ventures, Inc. announced Tuesday that it will wait to close on its planned acquisition of Protrust Private Clients S.A. until Aug. 4, 2006.
“The extension is necessary to comply with certain US regulatory issues,” says Nigel Gregg, CEO of Tally-Ho. “This acquisition is an enormous development for us. PTPC brings with them not only a platinum Swiss reputation, but significantly in excess of $1.0 billion of client assets. We are paying approximately $8 million or 3 times PTPC’s most recent net earnings to do so.”