TPG Specialty Lending, Inc. TSLX today announced
that it has increased its offer, as a percentage of net asset value, to
acquire TICC Capital Corp. TICC in a stock-for-stock
transaction. TSLX believes that its updated proposal is superior in that
it would deliver to ALL TICC stockholders an immediate, upfront premium
and the opportunity to participate in an industry-leading platform with
a sustainable dividend.
Under the terms of the updated proposal announced today, TICC
stockholders would receive a number of shares of TSLX common stock that
results in TICC stockholders receiving 90% of TICC net asset value per
share as of the
See full press release
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