BUZZ-Logan Ridge Finance rises on merger agreement with Portman Ridge Finance

Reuters

01-30

Logan Ridge Finance Corp.0.00%盤後

** 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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22:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Logan Ridge Finance rises on merger agreement with Portman Ridge Finance</title></head><body><p>** Shares of business development company Logan Ridge Finance Corporation <span>LRFC.O</span> up 7.82% at $26.20 premarket</p><p>** LRFC enters merger agreement with <a href=\"https://laohu8.com/S/PTMN\">Portman Ridge Finance Corporation</a> <span>PTMN.O</span> </p><p>** Logan Ridge Finance Corporation shareholders to receive 1.50 PTMN shares per LRFC share</p><p>** Merger expected to be immediately accretive to companies' core net investment income</p><p>** Companies also expect merger to be completed in Q2 2025</p><p>** Say Sierra Crest Investment Management LLC, affiliate of BC Partners Advisors L.P, will manage combined entity</p><p>** LRFC stock gained ~10.53% in 2024</p><p> (Reporting by Subiksha S in Bangalore)</p><p> 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