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Stock Market & Financial Investment News

News Breaks
January 14, 2013
16:31 EDTMCGCMCG Capital closes $13.5M loan to Color Star Growers
MCG Capital Corporation announced the closing of its $13.5 million loan to Color Star Growers of Colorado, Inc. and its related affiliates. MCG’s financing consists of a subordinated term loan funded in connection with Color Star’s recent debt refinancing. Color Star is a family owned distributor and grower of flowering annuals. The Company has greenhouse operations in nine locations, servicing markets from the Texas Valley north to Montana and from St. Louis to the Rocky Mountains.
News For MCGC From The Last 14 Days
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May 19, 2015
09:25 EDTMCGCHC2 Holdings submits revised merger proposal to MCG Capital
HC2 Holdings (HCHC) announced that it has sent a letter to MCG Capital (MCGC) again proposing that the companies engage in discussions regarding an agreement for HC2 to acquire MCG. HC2's proposal is to acquire 100% of the common stock of MCGC on a fully-diluted basis in a cash and stock transaction in which stockholders of MCGC would receive $5.25 for each share of MCGC common stock outstanding. The consideration that HC2 is offering in its updated proposal consists of an amount of HC2 common stock valued at $4.75 and 50c in cash, on the terms and conditions described in the proposal. HC2 has delivered what it believes to be a Superior Offer to the PennantPark Transaction.

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