FIRST EAGLE ALTERNATIVE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Eagle Alternative Capital BDC, Inc. - FCRD
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Eagle Alternative Capital BDC, Inc. (NasdaqGS: FCRD) (or the “Company”) to Crescent Capital BDC, Inc. (NasdaqGM: CCAP). Under the terms of the proposed transaction, on a market value basis, based on the closing stock price of Crescent BDC common stock on October 3, 2022 ($14.89 per share), the transaction represents total consideration for First Eagle BDC stockholders of approximately $145.6 million or $4.86 per share. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company
NEW ORLEANS--(BUSINESS WIRE)--Nov 30, 2022--
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Eagle Alternative Capital BDC, Inc. (NasdaqGS: FCRD) (or the “Company”) to Crescent Capital BDC, Inc. (NasdaqGM: CCAP). Under the terms of the proposed transaction, on a market value basis, based on the closing stock price of Crescent BDC common stock on October 3, 2022 ($14.89 per share), the transaction represents total consideration for First Eagle BDC stockholders of approximately $145.6 million or $4.86 per share. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( lewis.kahn@ksfcounsel.com ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-fcrd/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20221130005834/en/
CONTACT: Lewis S. Kahn, 855-768-1857
KSF Managing Partner
lewis.kahn@ksfcounsel.com
KEYWORD: LOUISIANA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2022.
PUB: 11/30/2022 11:10 AM/DISC: 11/30/2022 11:11 AM
http://www.businesswire.com/news/home/20221130005834/en
