Seeking Alpha

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

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.
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