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BRIEF-Harris & Harris Group reports a proposed strategic restructuring
December 20, 2016 / 9:46 PM / a year ago

BRIEF-Harris & Harris Group reports a proposed strategic restructuring

Dec 20 (Reuters) - Harris And Harris Group Inc :

* Harris and Harris Group Inc - are recommending separation of Harris & Harris Group, currently a business development co into two distinct entities

* Currently aim to implement this restructuring during q2 of 2017

* Harris & Harris Group announces a proposed strategic restructuring

* First entity will be a registered closed-end fund named 180 degree capital corp

* Harris and Harris Group Inc says propose to manage assets that are not core to business strategy of hale under name 180 degree Capital Corp

* Harris and Harris Group - second entity, Hale.Life Corp, will be operating co focused exclusively on building a precision health, medicine business

* Harris and Harris -180 will be led by Kevin Rendino, current member of board, as CEO, and by Daniel Wolfe, current president, cfo and cco, who will serve in same roles

* Harris & Harris Group announces a proposed strategic restructuring Source text for Eikon: Further company coverage:

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