Logan Ridge obtains shareholder approval for acquisition by Portman Ridge Finance
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Shareholder Approval for Merger: Logan Ridge Finance (LRFC) received shareholder approval for its all-stock merger with Portman Ridge Finance (PTMN), with 89.4% of voting shareholders supporting the proposal during a special meeting on June 20.
Next Steps for PTMN: The special meeting for PTMN was adjourned and will reconvene on June 27 to allow more time for shareholders to vote on the share issuance related to the merger, with over 85% of those who voted already in favor.
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.
