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The latest update is out from TCG BDC (CGBD).
Carlyle Secured Lending, Inc. (CGBD) has announced a merger with Carlyle Secured Lending III (CSL III), enhancing its position in the financial market. The strategic move, expected to be finalized in the first fiscal quarter of 2025, involves a series of mergers that will see CSL III become a wholly-owned subsidiary of CGBD before merging into CGBD itself. The transaction is designed to be a tax-efficient reorganization and will provide CSL III shareholders with CGBD common stock based on a predetermined exchange ratio. The merger, backed by the boards of both companies, aims to deliver increased value and is subject to shareholder and regulatory approvals.
For a thorough assessment of CGBD stock, go to TipRanks’ Stock Analysis page.
