Phil Falcone's HCH Holdings (HCHC) has sweetened its revised $5.30 a share offer for MCG Capital (MCGC). We review and evaluate the economics of the sweeteners, and speculate on how this struggle for cash-heavy MCGC will turn out. We discuss the upside and the downside of investing in MCGC at this late date.
An article in mergers and acquisition publication The Deal provides new information about the struggle over MCG Capital between PennantPark Floating and HC2 Holdings. The BDC Reporter adds to the debate and suggests a third way.