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

Pennantpark Floating Rate Capital

29/06/2015 13:45

June 29 (Reuters) - MCG Capital Corp  MCGC.O : 
 * Reaffirms recommendation in favor of merger with PennantPark Floating Rate 
   Capital 
 * Affirmed its recommendation that mcgc stockholders vote in favor of the pflt 
   transaction 
 * Don't believe that response has adequately addressed or compensated mcgc for 
   the significant risks inherent in proposal 
 * In current proposal,falcone hasnt addressed risks identified, in which no 
   termination fee would be payable by HC2 under some conditions 
 
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