WASHINGTON, Aug. 4, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed acquisition of Patriot Capital Funding, Inc. ("Patriot Capital" or the "Company") (Nasdaq:PCAP) by Prospect Capital Corporation ("Prospect Capital") (Nasdaq:PSEC). Under the terms of the proposed merger, Patriot Capital shareholders will receive 0.3992 of a share of Prospect Capital common stock for each share of Patriot Capital common stock owned. This proposed exchange ratio represents an offer price of $4.00 per share -- a price well below the Company's book value of over $8 per share.
The investigation is focused on the potential unfairness of the proposed merger price and of the process by which the Patriot Capital Board of Directors is addressing the offer.
If you are interested in discussing your rights as a Patriot Capital shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.