BlackRock TCP Capital Corp. And BlackRock Capital Investment Corporation Announce Merger Agreement; Co. to Have Total Assets Of ~$2.4B
Portfolio Pulse from Benzinga Newsdesk
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation have announced a merger agreement. The combined company will have total assets of approximately $2.4 billion.
September 06, 2023 | 8:29 pm
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POSITIVE IMPACT
BlackRock Capital Investment Corporation is merging with BlackRock TCP Capital Corp. This could potentially increase the value of BKCC's assets.
Mergers often lead to an increase in the value of the assets of the companies involved. Given that BKCC is one of the companies merging, it is likely that the value of its assets will increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BlackRock TCP Capital Corp. is merging with BlackRock Capital Investment Corporation. This could potentially increase the value of TCPC's assets.
Mergers often lead to an increase in the value of the assets of the companies involved. Given that TCPC is one of the companies merging, it is likely that the value of its assets will increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100