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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders
Portman RidgePortman Ridge(US:PTMN) GlobeNewswire News Room·2025-02-14 15:53

Core Viewpoint - Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the merger between Portman Ridge Finance Corporation and Logan Ridge Finance Corporation [1][2]. Group 1: Company Actions - Portman Ridge Finance Corporation is set to acquire Logan Ridge Finance Corporation, offering 1.50 newly issued shares of Portman common stock for each share of Logan Ridge common stock [2]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief on behalf of shareholders regarding the proposed transaction [3]. Group 2: Shareholder Rights - Shareholders of both Portman Ridge and Logan Ridge are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options free of charge [4].