A roughly 30% premium to MFIC's last close is part of Ares Capital's planned buyout.

Ares Capital (ARCC) will acquire MidCap Financial (MFIC) for $2.6B, including debt, in a cash-and-stock deal. ARCC will pay $10.88 per share, a 30.1% premium. The deal is expected to diversify ARCC's portfolio and support its 10.32% dividend yield. MFIC's dividend was cut earlier this year, adding some risk to the deal.

Ares Capital (ARCC) agreed to acquire MidCap Financial (MFIC) in a $2.6B deal. MFIC shareholders will receive $10.88 per share, a 30.1% premium. MFIC shares surged 23% premarket. The deal is expected to close in early 2027 and expand ARCC's portfolio.

DoorDash and Instacart held merger talks. BCE's Bell Canada sold a wireless-tower stake for $1.75B. Ares Capital to acquire Apollo's MidCap Financial for $2.6B. Guidewire's $1.7B deal includes a $400M earn-out based on revenue targets.

US stock futures were mixed as investors awaited corporate earnings and the Fed's rate decision. Key deals include $63B financing for Broadcom-Anthropic and Meta's $98B share sale. Boeing reported Q3 revenue of $24.2B and a loss of $0.26 per share. Welltower raised guidance after strong Q3 results. Paccar and DoorDash-Instacart talks are also in focus.

Ares Capital (ARCC) will acquire MidCap Financial (MFIC) in a $2.6B deal, offering MFIC shareholders $10.88 per share. The transaction, expected to close in 2027, will expand ARCC's lending portfolio and diversify investments, with ARCC shareholders owning ~95% of the combined company. ARCC anticipates modest earnings accretion and future dividend support.

Ares Capital will acquire MidCap Financial from Apollo for $2.6bn in a stock-and-cash deal. MFIC shareholders will receive $10.88 per share, including $1.21 in cash and $9.67 in Ares Capital stock. The transaction is expected to close in early 2027, subject to approvals, and will expand Ares Capital's portfolio to over 800 companies and $31bn in investments.