NEW YORK, Aug. 15, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Alcentra
Capital Corporation ("Alcentra Capital" or the "Company")
(NASDAQ: ABDC) in connection with the proposed merger of the
Company with Crescent Capital BDC ("Crescent BDC"). Under the
terms of the merger agreement, ABDC shareholders will receive
$3.1784 in cash and 0.4041 shares of
Crescent BDC common stock for each share of Alcentra they
own. Crescent BDS shareholders will own 81% of the combined
company, leaving ABDC shareholders with a meager 19% stake in the
newly combined company.
If you own ABDC shares and wish to discuss this investigation
or have any questions concerning this notice or your rights or
interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/alcentra-capital-corporation/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Alcentra Capital's
Board acted to maximize shareholder value prior to entering
into the merger agreement. Notably, Alcentra Capital has
entered into voting agreements with certain of Crescent BDC's
shareholders, holding 70% of Crescent BDC's shares to, amongst
other things, vote in favor of the merger.
Given these facts, WeissLaw is concentrating its investigation
on whether the merger enhances shareholder value. According
to Crescent BCD's Chief Executive Officer Jason Breaux, the deal will provide "our
investors with improved scale and flexibility as we continue to
enhance our private credit capabilities," WeissLaw is
concerned whether the proposed merger undervalues the Company, and
whether all material information related to the proposed merger is
fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP