January 18, 2019 WelchGroup

WelchGroup Consulting Provides Fairness Opinion on Privatization Transaction

WelchGroup Consulting Inc. (“WelchGroup”), a subsidiary of Welch LLP, is pleased to announce that it acted as an Independent Financial Advisor to the Special Committee to the Board of Directors of Dynex Power Inc. (TSXV: DNX), a leading, high power semiconductor company whose operations are in the United Kingdom, to provide a fairness opinion of the privatization transaction with Zhuzhou CRRC Times Electric Co., Ltd (“CRRC Times Electric”).

WelchGroup was selected a part of a competitive process for the engagement, whereby CRRC Times Electric, or one of its affiliates, will acquire all the DNX’s common shares that it does not already own for $0.65 per share in cash. CRRC Times Electric currently holds approximately 75% of the issued and outstanding common shares in the capital of DNX.

Read full press release

About WelchGroup

WelchGroup is an advisory firm that helps companies understand, build, and capture value.

Our clients value our seamless and integrated approach – leveraging our global network of professionals who are skilled in multiple disciplines – to help them make informed decisions, improve operational performance, and maximize company value.

As we celebrate 100 years in business, we continue to seek opportunities to enhance the services we provide.

For more information on WelchGroup, please contact Adam C. Nihmey, Managing Director at anihmey@w-group.com or visit https://w-group.com.

Ottawa: 613.236.9191  |  Toronto: 647.288.9200

info@w-group.com
Buying a business, Selling a business or Building value in your business - our advanced services and support tools provide step-by-step advisory to achieve your business objectives.