WAYNE, Pa., April 30, 2015 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of MCG Capital Corporation ("MCG Capital" or the
"Company") (NASDAQ: MCGC) concerning possible breaches of fiduciary
duty and other violations of law related to the Company's efforts
to sell the Company to PennantPark Floating Rate Capital Ltd.
("PennantPark") in a transaction valued at approximately
$175 million.
If you own shares of MCG Capital and would like to learn more
about this class action or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/mcgc. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of MCG Capital
will receive $4.521 in PennantPark
shares and $0.226 per share in cash
for each share of MCG Capital common stock owned.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of MCG
Capital for not acting in the Company's shareholders' best
interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/mcgc
rmaniskas@rmclasslaw.com
Logo -
http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ryan--maniskas-llp-announces-investigation-of-mcg-capital-corporation-300074722.html
SOURCE Ryan & Maniskas, LLP