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Stock Market & Financial Investment News

News Breaks
January 29, 2013
16:48 EDTMCGCMCG Capital provides $23.7M in financing to Oceans Healthcare
MCG Capital Corporation announced the closing of a $23.7 million investment in Oceans Acquisition . MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. MCG’s investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management. General Catalyst invests in both early and growth stage companies and partners with exceptional entrepreneurs who are building innovative companies and transforming industries.
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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