3K Limited Partnership made an offer to acquire 17.9% stake in Calloway's Nursery Inc. (OTCPK:CLWY) for $3.8 million on January 20, 2016. The shares will be purchased at $2.52 per share. Pursuant to a recapitalization agreement, the tender offer is being made for 4 million shares of Calloway's, of which the first 2 million shares tendered will be purchased by Calloway's, the next 1 million shares tendered will be purchased by 3K Limited and the shares tendered in excess of 3 million will be purchased by both 3K Limited and Calloway's on a 50:50 basis.

If more than 4 million shares are tendered in the offer, Calloway's and 3K Limited will purchase 4 million shares from all shareholders who validly tendered their shares in the offer on a pro rata basis. The offer will expire on February 18, 2016. The information agent for the Offer is Georgeson, Inc and depositary bank for the Offer is Computershare Trust Company, N.A.