Investigation into Monroe Capital and Horizon Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Merger Investigation Launched: Former Louisiana Attorney General Charles C. Foti and his law firm Kahn Swick & Foti are investigating the proposed merger between Monroe Capital and Horizon Technology Finance to assess the fairness of the merger process and its impact on Monroe Capital shareholders.
- Shareholder Rights Concern: Upon completion of the merger, former Monroe Capital shareholders are expected to own approximately 37% of Horizon, raising legal scrutiny over whether shareholder rights are adequately protected, which could affect shareholder acceptance of the merger.
- Legal Consultation Availability: KSF offers no-obligation legal consultations, allowing shareholders to contact KSF Managing Partner Lewis S. Kahn via email or phone to understand their legal rights regarding the merger, thereby enhancing transparency in the merger process for shareholders.
- Fairness Assessment of the Merger: KSF's investigation will focus on the fairness of the merger, ensuring that Monroe Capital shareholders receive reasonable value in the transaction, which may influence the legal framework for future similar transactions.
Analyst Views on MRCC
About MRCC
Monroe Capital Corporation is an externally managed, non-diversified, closed-end management investment company. Its investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investment in senior secured, junior secured and unitranche secured debt and, to a lesser extent, unsecured subordinated debt and equity co-investments in preferred and common stock and warrants. It also invests in a portion of the portfolio in opportunistic investments in order to seek to enhance returns to stockholders. Such investments may include investments in real estate, specialty finance, private equity or securities of public companies that are not thinly traded and securities of middle-market companies located outside the United States. Its platform offers a variety of investment products for both institutional and high-net-worth investors. Monroe Capital BDC Advisors, LLC, serves as an investment advisor for the Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
