(Source: PennantPark Floating Rate Capital Ltd) Combined Company to Offer Enhanced Middle Market Floating Rate Senior Lending Platform NEW YORK, NY--(Marketwired - Apr 29, 2015) - PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) and MCG Capital Corporation (NASDAQ: MCGC) announced today that they have entered into a definitive agreement under which PFLT will acquire MCGC in a stock and cash transaction currently valued at approximately $175 million, or approximately $4.75 per MCGC share at closing, representing a 15.8% premium to MCGC's closing stock price on April 28, 2015. The Boards of Directors of both companies have each unanimously approved the transaction. Under the terms of the...
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