180 Degree Capital and Mount Logan Capital Adjust Terms of Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
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Business Combination Announcement: 180 Degree Capital (TURN) and Mount Logan Capital (PYCFF) have agreed to amend the terms of their proposed business combination based on shareholder feedback.
Increased Share Value: The amended agreement will provide TURN shareholders with shares in the merged entity, New Mount Logan, valued at 110% of TURN's NAV at closing, up from 100%.
Tender Offer Plans: New Mount Logan plans to launch a tender offer for up to $15 million of its common stock within 60 days post-closing, with additional repurchases expected over the next 24 months.
Shareholder Meetings Scheduled: Special meetings for shareholders of both companies to approve the business combination are set for August 22.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
