** Shares of business development company Logan Ridge Finance Corporation LRFC.O up 7.82% at $26.20 premarket
** LRFC enters merger agreement with Portman Ridge Finance Corporation PTMN.O
** Logan Ridge Finance Corporation shareholders to receive 1.50 PTMN shares per LRFC share
** Merger expected to be immediately accretive to companies' core net investment income
** Companies also expect merger to be completed in Q2 2025
** Say Sierra Crest Investment Management LLC, affiliate of BC Partners Advisors L.P, will manage combined entity
** LRFC stock gained ~10.53% in 2024
(Reporting by Subiksha S in Bangalore)
((Subiksha.S@thomsonreuters.com))
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