received $22 million, though the final consideration paid was $28 million based on higher profits through the earn-out period.
That same year , Thornton and Kelly walked out of FTI, as did the vast majority of its clients. The problem with buying people businesses is that the people tend to leave them. Flush with capital, Morrow Sodali is on a global hunt for acquisitions in the adjacent space of financial communications.For the uninitiated, proxy solicitors chase the voting paperwork of retail shareholders in contested AGM or EGM votes. Firms like Morrow Sodali are a boiler room for billionaires and other capital market predators, one step down from investment banks, which provide night nursing services to those billionaires. It would make perfect sense to bolt on a financial PR offering.
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