Medley Capital Corporation Announces End of “Go Shop”
MEDLEY CAPITAL (MCC)
Last medley capital earnings: 2/10 04:25 pm
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US:NYSE Investor Relations:
medleycapitalcorp.com/phoenix.zhtml?c=236906&p=irol-irhome
Company Research
Source: GlobeNewswire
NEW YORK, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Medley Capital Corporation (NYSE: MCC) (“MCC” or the “Company”) today announced that the “go-shop” process conducted by the Special Committee of the Board of Directors of MCC (the “Special Committee”), did not produce a “Superior Proposal” as defined in the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and between MCC and Sierra Income Corporation (the “Amended MCC Merger Agreement”). The Company's Board of Directors continues to recommend that the Company's shareholders adopt the Amended MCC Merger Agreement. Starting on September 27, 2019, the date on which the “go-shop” period expired, subject to certain exceptions for “Excluded Parties” as defined in the Amended MCC Merger Agreement applicable through October 11, 2019, MCC became subject to customary “no shop” provisions under the Amended MCC Merger Agreement. The “no shop” provisions restrict the ability of the Company and its representatives to s
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