BlackRock Capital Advances Merger Amid Enhanced Transparency
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BlackRock Capital Advances Merger Amid Enhanced Transparency

BlackRock Capital Investment (BKCC) has released an update.

Blackrock Capital Investment Corporation (BCIC) and BlackRock TCP Capital Corp. (TCPC) are moving forward with a strategic merger to strengthen their market positions. Despite receiving two stockholder demand letters alleging misleading statements in the merger’s registration statement, BCIC has countered these claims as baseless but chose to voluntarily supplement the Joint Proxy Statement to avoid litigation costs and uncertainties. The additional disclosures aim to provide clarity on the BCIC Special Committee’s role and financial forecasts, reaffirming the Board’s unanimous recommendation for stockholders to vote in favor of the merger. This proactive step reflects BCIC’s commitment to transparency and shareholder value, without altering the merger terms or the scheduled special meeting for stockholder voting.

For further insights into BKCC stock, check out TipRanks’ Stock Analysis page.

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