Allied Capital (ALD) rejected an offer from Prospect Capital (PSEC), calling it inferior to the...

|About: Allied Capital Corporation (AFC)|By:, SA News Editor

Allied Capital (ALD) rejected an offer from Prospect Capital (PSEC), calling it inferior to the one Allied already agreed upon with Ares Capital (ARCC). Prospect's all-stock offer is valued at around $900M, but the merged companies might be unable to maintain dividends or access capital markets on favorable terms.