Brief: PennantPark Floating Rate Capital to acquire MCG Capital Corporation

Pennantpark Floating Rate Capital

29/04/2015 12:00

April 29 (Reuters) - PennantPark Floating Rate Capital Ltd  PFLT.O : 
 * To acquire MCG Capital Corporation 
 * Deal for about $175 million 
 * Under terms, mcgc stockholders will receive $4.521 in pflt shares for each 
   mcgc share 
 * Following deal, pflt stockholders are expected to own approximately 56% of 
   the combined company 
 
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