THCG Inc. To Get 133,617 webMethods Shares In Distrib
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NEW YORK -(Dow Jones)- THCG Inc.'s (THCG) Walnut Growth Partners LLC
fund is liquidating and distributing its assets, which entails THCG
receiving 133,617 shares of WebMethods Inc. (WEBM).
In a press release Monday, THCG said the WebMethods stake is worth, as
of Sept. 27, about $14.4 million.
THCG will receive certain other investments of the fund worth an
estimated $1.2 million.
Walnut Growth Partners invested a total of almost $6.1 million in the
fund's assets in 1997. The value of those assets as of the market close
on Sept. 27 was about $83.6 million. These assets will be distributed to
the Walnut Growth Partners Fund's limited partner, which will get $68.0
million, and THCG, which will receive $15.6 million.
WebMethods currently has about 46.5 million shares outstanding.
THCG Inc. is an Internet accelerator that provides venture
development, venture banking and venture funding services.
Company Web site: thcg.com
-Thomas Gryta; Dow Jones Newswires; 201-938-5400
(This story was originally published by Dow Jones Newswires)
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