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.
We re-publish commentary made about a number of different subjects in our Daily Newsletter. We cover three different subjects related to equity raising, shareholder approvals and SBIC snubs. Don't forget to sign up for our Daily Newsletter by adding your email to the box on the right.
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.
The second article in our series about trends noted in the first quarter of 2015 Business Development Company earnings releases, SEC filings and Conference Calls. Here we tackle the high hopes of BDCs for market share and spread gains engendered by GE Capital's impending sale.
First of a series about some of the trends that have emerged from the IQ 2015 Business Development Company earnings reports and the attendant Conference Calls. First up: the sudden and unexpected drop-off in new deal activity in the first 3 months of the the new year.
Solar Capital (SLRC) reported earnings below expectations. The stock price dropped-sharply. We looked at the fundamentals and ask: are shareholders being short sighted ? We also ask: is that a buying opportunity we hear opening up ?
We briefly review the unsolicited offer from Phil Falcone's HC2 Holdings (HCHC) for MCGC. We add an update about MCGC's initial response to new offer.
Welcome to the updated BDC Reporter. In this article we discuss BDC Reporter's new lay-out and how readers can access all the content we generate about the BDC sector across several publishing platforms. We also address why the BDC Reporter exists and why we are constantly posting on the worldwide web. Click Read More for the full article. ...