M&A
confidence high
sentiment positive
materiality 0.75
TCPC and BCIC shareholders approve merger with >90% votes in favor
BlackRock TCP Capital Corp.
- Shareholders of TCPC (NASDAQ: TCPC) and BCIC (NASDAQ: BKCC) each voted >90% in favor of the merger at March 7 special meetings.
- TCPC vote count: 23,624,895 For, 2,282,218 Against, 717,609 Abstain; no broker non-votes.
- Merger expected to close as soon as practicable; surviving entity will be an indirect wholly-owned subsidiary of TCPC.
- Rajneesh Vig (TCPC CEO) and James Keenan (BCIC Interim CEO) highlighted strategic growth for BlackRock’s BDC platform.