Origami Capital Partners Issues Open Letter to the Board of Medley Capital Corporation
MEDLEY CAPITAL (MCC)
Last medley capital earnings: 2/10 04:25 pm
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medleycapitalcorp.com/phoenix.zhtml?c=236906&p=irol-irhome
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Source: Business Wire
Origami seeks to acquire 100% interests of the Medley SBIC for $45 million in cash Offer implies a 36.2% premium to the February 8, 2019 closing share price of Medley Capital Corporation NEW YORK--(BUSINESS WIRE)-- Origami Capital Partners, LLC (“Origami”), a leading asset management firm, today issued an open letter to the Board of Directors and management of Medley Capital Corporation (“Medley” or the “Company”) (NYSE: MCC) outlining its offer to acquire 100% of the Company’s interests in Medley SBIC, L.P (“Medley SBIC”). The all-cash offer of $45 million represents 60.0% of the Medley SBIC’s regulatory capital at September 30, 2018, and implies a 36.2% premium to the Company’s February 8, 2019, closing share price. “On April 4, 2018, we sent Medley Capital Corporation our original expression of interest in acquiring the Medley SBIC. Unfortunately, we received no response t
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