Houston, Texas
Dallas, Texas
El Paso, Texas
Houston
Where is Tony Lama Co. based?
Tony Lama Co
Equus Capital Corp
Equus Investment II Limited Partnership
El Paso
What company makes western boots and leather accessories?
Stock was offered perviously which is not being offered in the new offer
The offer changed from a $12 in cash and stock to an all cash transaction
Initially offered $13.65 a share in cash, or $29 million , Finally  $12 cash and one new preferred share with a liquidation preference of $1.65 a share for each of Tony Lama's 2.1 million shares outstanding
A liquidation preference of $12 a share
What is the difference between the initial and final offer for Tony Lama Co.?
Tony Lama Co. said that Equus Investment II Limited Partnership has proposed changing the offer for the company to $13.65 in cash and stock from an all-cash transaction. Under terms of the new proposal, Equus, managed by Equus Capital Corp., Houston, would pay $12 cash and one new preferred share with a liquidation preference of $1.65 a share for each of Tony Lama's 2.1 million shares outstanding. Previously, it offered $13.65 a share in cash, or $29 million. The El Paso, Texas, maker of Western boots and leather accessories said the preferred stock would accrue dividends at a 12% rate, but wouldn't be paid for the first two years. The stock would be redeemed in five years, subject to terms of the surviving company's debt. Neither Equus nor Tony Lama gave a reason for the changed offer and Tony Lama couldn't be reached for comment. However, Tony Lama said it would promptly submit the offer to a special committee of the company's board. 