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Tuckamore MBO looks DOA Add to ...

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A planned private-equity backed management buyout of Tuckamore Capital Management Inc. looks increasingly doomed, as yet another significant shareholder has said it will vote against the deal.

Toronto investment firm JC Clark Ltd. said it owns or controls 8.1 per cent of the stock, and that it will not support the buyout by management and private equity firm Birch Hill. JC Clark may only be able to vote a little more than half that stake. It said it owned or controlled "a majority" of those shares prior to the record date for the vote.

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