Kevin Sullivan will support the revised terms and withdraw a slate of proposed directors
The transaction is expected to close within six to 12 months
Group includes former GMP Capital CEO Harris Fricker
Cincinnati-based RIA has US$450 million in AUM
The relationship will boost the firms' private market offerings
Kevin Sullivan said he supports the transaction's concept but not the terms
The deal follows Empower's recent acquisition of U.S. investment manager Personal Capital
Kevin Sullivan is proposing new directors and new transaction terms
Anson Funds said it intends to vote against GMP Capital's deal with Richardson Financial Group
Deal activity got off to a strong start in the second half