financetom
Business
financetom
/
Business
/
Portman, Logan Ridge Boards Form Special Committees to Evaluate Potential Business Combination
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Portman, Logan Ridge Boards Form Special Committees to Evaluate Potential Business Combination
Dec 12, 2024 6:55 AM

09:21 AM EST, 12/12/2024 (MT Newswires) -- Portman Ridge Finance ( PTMN ) and Logan Ridge Finance Corp. ( LRFC ) said Thursday their boards have formed special committees of independent directors to "more fully evaluate" the potential business combination.

There is no assurance that the companies will combine their operations, the parties added.

Further details weren't disclosed.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
FOCUS-Tuscany's luxury suppliers feel chill from China and changing trends
FOCUS-Tuscany's luxury suppliers feel chill from China and changing trends
Apr 24, 2024
* Tuscan specialist leather suppliers lay off workers * Demand from big brands slows after post-pandemic boom * Fashion groups take more work in-house * Fear of loss of small suppliers that symbolise Made in Italy By Silvia Ognibene, Elisa Anzolin and Valentina Za FLORENCE, Italy, April 24 (Reuters) - Waning Chinese demand for luxury goods has compounded the problems...
Toymaker Hasbro's turnaround efforts help Q1 profit beat, ease sales decline
Toymaker Hasbro's turnaround efforts help Q1 profit beat, ease sales decline
Apr 24, 2024
(Reuters) -Hasbro ( HAS ) reported a smaller-than-expected drop in first-quarter sales and easily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys. Shares of the company, up roughly 14% this year, rose about 4% in premarket trading. The Play-Doh maker has grappled with weakening demand over...
US Senate Approves Bill Banning TIkTok
US Senate Approves Bill Banning TIkTok
Apr 24, 2024
06:43 AM EDT, 04/24/2024 (MT Newswires) -- The US Senate voted Tuesday to approve a bill that would bar TikTok from operating in the US unless its Chinese owner sells the company over the next year, media outlets reported. The US House of Representatives approved the bill Saturday and President Joe Biden has said he will sign it into law...
Humana beats first-quarter profit estimates on strength of Medicare business
Humana beats first-quarter profit estimates on strength of Medicare business
Apr 24, 2024
April 24 (Reuters) - Humana beat first-quarter profit expectations on Wednesday, helped by strength in its government-backed Medicare Advantage insurance business for older adults. On an adjusted basis, Humana reported a profit of $7.23 per share, higher than the average analyst estimate of $6.12 per share, according to LSEG data. (Reporting by Mariam Sunny and Leroy Leo in Bengaluru; Editing...
Copyright 2023-2025 - www.financetom.com All Rights Reserved