Company buys out Waterside Capital share By Chris Dinsmore, The Virginian-Pilot,
July 12, 2007
NORFOLK | Waterside Capital Corp. announced Wednesday that Fairfax Publishing Co. has bought out Waterside's investment.
Fairfax, which publishes senior housing guides, paid $500,000 to acquire the 18 percent warrant that the Norfolk-based investment firm held. Waterside had invested $1.75 million in Fairfax.
In a release, Waterside characterized the buyout as the conclusion of a "profitable investment," adding that it was "repaid in full, including fees and periodic dividends."
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