Portman Ridge Finance reports shareholder approval for Logan Ridge Finance deal
Written by Emily J. Thompson, Senior Investment Analyst
Merger Approval: Portman Ridge Finance (PTMN) received shareholder approval for the issuance of common stock related to its merger with Logan Ridge Finance (LRFC), with about 88% of voting shareholders in favor.
Expected Closing Date: The merger is anticipated to close around July 15, following the approval from Logan Ridge Finance stockholders on June 20 and subject to customary closing conditions.
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.
