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 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.