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Stock Market & Financial Investment News

News Breaks
April 21, 2014
08:10 EDTMCGCMCG Capital names Keith Kennedy CEO
MCG Capital announced that Keith Kennedy, MCG's president, has been elected as CEO, as a member of the company's board as a Class I director and as a member of the investment and valuation committee. Kennedy succeeds B. Hagen Saville, who retired.
News For MCGC From The Last 14 Days
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October 29, 2014
08:16 EDTMCGCMCG intends to repurchase up to $75M of common stock through 'Dutch Auction'
MCG Capital announced that it expects to commence a modified "Dutch Auction" tender offer for up to $75M of its common stock at a price per share not less than $3.25 and not greater than $3.75. The tender offer is expected to commence on November 3 and to expire on December 3, unless extended. The maximum number of shares proposed to be purchased in the tender offer represents approximately 53% of MCG's currently outstanding common stock. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to that time.
08:14 EDTMCGCMCG Capital sees stock buyback accretive to Q4 NAV by 5c
In October , MCG Capital continued to buy back stock in the open market and purchased 2.46M shares at an average price of $3.52, which the company anticipates will result in an additional 5c per share accretion to our NAV in Q4.
08:11 EDTMCGCMCG Capital reports Q3 EPS 3c, consensus 4c
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07:59 EDTMCGCMCG Capital trading halted, news pending

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