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Sent 1: Tony Lama Co. said that Equus Investment II Limited Partnership has proposed changing the offer for the company to $13.65 in cash and stock from an all-cash transaction.
Sent 2: Under terms of the new proposal, Equus, managed by Equus Capital Corp., Houston, would pay $12 cash and one new preferred share with a liquidation preference of $1.65 a share for each of Tony Lama's 2.1 million shares outstanding.
Sent 3: Previously, it offered $13.65 a share in cash, or $29 million.
Sent 4: The El Paso, Texas, maker of Western boots and leather accessories said the preferred stock would accrue dividends at a 12% rate, but wouldn't be paid for the first two years.
Sent 5: The stock would be redeemed in five years, subject to terms of the surviving company's debt.
Sent 6: Neither Equus nor Tony Lama gave a reason for the changed offer and Tony Lama couldn't be reached for comment.
Sent 7: However, Tony Lama said it would promptly submit the offer to a special committee of the company's board.
Question: Where is Tony Lama Co. based? (true/0)
Question: What company makes western boots and leather accessories? (false/1)
Question: What is the difference between the initial and final offer for Tony Lama Co.? (true/2)
Last updated: Mon Apr 16 04:55:33 EDT 2018
Generated from a file named: /Users/daniel/ideaProjects/hard-qa/split/train_456.json