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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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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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