TORONTO, July 2, 2015 /PRNewswire/ - Retained
executive search firm The Caldwell Partners International Inc.
(TSX: CWL) today issued a statement that on the evening of
July 1, 2015 it received a letter
from David Hoffmann, Chairman of the
Board of DHR International, Inc., indicating that as of
June 26, 2015 it was the direct or
indirect purchaser and holder of 1,032,000 common shares of
Caldwell Partners, representing approximately 4.9% of its
outstanding common shares. This is the first instance of
communication from DHR International to the Board of Caldwell
Partners, which was not in current discussions with DHR
International regarding any proposed transaction. In its letter,
DHR International indicated an interest in pursuing such
discussions, although not specifying the form or value of any
transaction. The Board of Directors of Caldwell Partners will
review the request for a discussion, as it would any such
proposal.
About Caldwell Partners
Caldwell Partners is a leading international provider of
executive search and has been for more than 40 years. As one of the
world's most trusted advisors in executive search, the firm has a
sterling reputation built on successful searches for boards, chief
and senior executives, and selected functional experts. With
offices and partners across North
America and in London, the
firm takes pride in delivering an unmatched level of service and
expertise to its clients. Caldwell Partners' Common shares are
listed on The Toronto Stock Exchange (TSX: CWL). Please visit our
website at www.caldwellpartners.com for further information.
Forward-Looking Statements
Forward-looking statements in this document are based on current
expectations that are subject to significant risks and
uncertainties. Actual results might differ materially due to
various factors such as the competitive nature of the executive
search industry, the ability of the company to execute its growth
strategies, the performance of the Canadian domestic and
international economies, and the company's ability to retain key
personnel. The Caldwell Partners assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements.
SOURCE The Caldwell Partners International Inc.