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Medley Capital (MCC -0.3%), Sierra Income, and Medley Management (MDLY -1.9%) delay again their meetings for shareholders to vote on the companies mergers.Medley... Come è andata?
The postponement comes after a Delaware court found that MCC directors breached their fiduciary duties in entering into the proposed merger, according to a regulatory finding.
The court also denies plaintiffs' requests to stop the proposed merger and to force a "shopping process."
The companies expect to adjourn the meetings to March 29.
La votazione per la fusione era stabilita per il prossimo venerdì.