Wright Investors’ Service Holdings to Sell The Winthrop Corporation

4/11/18

GREENWICH, Conn.--(BUSINESS WIRE)--The Board of Directors of Wright Investors’ Service Holdings, Inc. (OTC Pink Sheets: WISH) voted today to enter into a Stock Purchase Agreement providing for the sale of 100% of the issued and outstanding common stock of The Winthrop Corporation (Winthrop), a wholly owned subsidiary of WISH, to Khandwala Capital Management, Inc., a company principally owned and controlled by Amit S. Khandwala, the current Co-Chief Executive Officer and Chief Investment Officer of Winthrop. Winthrop, through its wholly owned subsidiary Wright Investors' Service, Inc., is an investment management and financial advisory firm. The sale transaction is subject to the approval of the stockholders of WISH.

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