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. 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.  
 Verb: pay
Yes