Cases
Full Circle Capital Corporation (NASDAQ : FULL)
Securities Class Action
Overview
Overview
- Date:
- 9/27/2016
- Company Name:
- Full Circle Capital Corporation
- Stock Symbol:
- FULL
- Company Name - Buyer:
- Great Elm
- Class Period:
- FROM 9/23/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 6/23/2016
- Court:
- U.S. District Court: District of Maryland
NEW YORK, September 27, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Maryland District Court on behalf of all persons or entities who held Full Circle Capital Corporation (NASDAQ: FULL) securities on September 23, 2016 (the “Class Period”).
The complaint alleges that on June 23, 2016, Full Circle’s Board of Directors caused Full Circle to enter into an agreement and plan of merger. Pursuant to the terms of the Merger Agreement, shareholders of Full Circle will be entitled to elect to receive a special $0.22 dividend per share of Full Circle common stock, as well as shares of Great Elm common stock such that Full Circle stockholders will own approximately 38% of the combined company. The combined company is valued at approximately $190 million, and Full Circle will be valued at approximately $81 million, before the special cash dividend and transaction costs.
The complaint further alleges that on August 1, 2016, defendants filed a Form N-14 Registration Statement with the SEC in connection with the proposed transaction. According to the complaint, the Registration Statement omits material information with respect to the proposed transaction, which renders the Solicitation Statement false and misleading.
If you held Full Circle securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that on June 23, 2016, Full Circle’s Board of Directors caused Full Circle to enter into an agreement and plan of merger. Pursuant to the terms of the Merger Agreement, shareholders of Full Circle will be entitled to elect to receive a special $0.22 dividend per share of Full Circle common stock, as well as shares of Great Elm common stock such that Full Circle stockholders will own approximately 38% of the combined company. The combined company is valued at approximately $190 million, and Full Circle will be valued at approximately $81 million, before the special cash dividend and transaction costs.
The complaint further alleges that on August 1, 2016, defendants filed a Form N-14 Registration Statement with the SEC in connection with the proposed transaction. According to the complaint, the Registration Statement omits material information with respect to the proposed transaction, which renders the Solicitation Statement false and misleading.
If you held Full Circle securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.