Allied Capital Board of Directors Rejects Prospect Capital Corporation Offer.
Business Wire › February 11, 2010
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Allied Capital Board of Directors Rejects Prospect Capital Corporation Offer.
WASHINGTON -- Allied Capital Corporation (NYSE:ALD) announced today that it has issued the following letter in response to Prospect Capital Corporation's letter dated February 9, 2010.
February 11, 2010 Prospect Capital Corporation 10 East 40th Street New York, NY 10016 Attention: Mr. John F. Barry III, Chairman and Chief Executive Officer Dear Mr. Barry: The Board of Directors of Allied Capital Corporation ("Allied"), together with its external legal and financial advisors, has carefully reviewed and analyzed the revised proposal submitted by Prospect Capital Corporation ("Prospect") set forth in your letter of February 9, 2010. As a result of this review, Allied's Board of Directors has unanimously concluded that this revised offer does not constitute, and is not reasonably likely ...See the full content of this document
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