DALLAS, Aug. 5, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group (www.kendalllawgroup.com) is investigating shareholder claims into the potential sale of Patriot Capital Funding, Inc. (Nasdaq:PCAP) to Prospect Capital Corporation (Nasdaq:PSEC). The law firm is investigating the Company for possible breaches of fiduciary duty and other violations of state law due to the terms of the agreement. Patriot Capital shareholders will receive 0.3993 shares of Prospect Capital shares on July 31, 2009, the transaction values Patriot Capital Shares at $4.00 per share. This transaction is valued at approximately $197 million and appears unfair given that the Company has a book value of over $8.12 per share.
For information about your rights as a Patriot Capital Funding shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group is led by a former federal judge and former U.S. Attorney. The firm has nationwide experience representing investors in securities and shareholder litigation.
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