Brief: MCG Capital reaffirms recommendation in favor of merger with PennantPark

Pennantpark Floating Rate Capital

22/06/2015 13:43

June 22 (Reuters) - MCG Capital Corp  MCGC.O : 
 * Responds to unsolicited proposals and reaffirms recommendation in favor of 
   merger with PennantPark Floating Rate Capital 
 * Believe "recommended PFLT merger can be completed in the third quarter of 
   2015 if the requisite stockholder approvals are received" 
 * Neither proposal made by HC2,Accretive Capital likely to lead to superior 
   proposal under existing merger agreement with PennantPark 
 * Board has unanimously affirmed its commitment to the pending merger with PFLT 
 
 * Source text for Eikon  ID:nGNXLQTVPa  
 
 * Further company coverage  MCGC.O  
 
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