centaurus capitals wants sbl , page-8

Just realised that I left this off from my post yesterday. It shows another perspective of this hedgefund shareholder activist and why I'm hoping to hear something soon from them, after all who thinks the offer isn't undervalued. My preference however is that its rejected outright

Article listed on Hedgetracker.com
"Centaurus Capital and Ares Capital face-off over Allied Capital Corp
March 9th, 2010 | More
Contributed by: Hedge Fund Solutions LLC
On February 8th, Centaurus Capital sent a letter to Allied Capital Corp (NYSE: ALD) claiming that Ares Capital Corporation’s (NASDAQ: ARCC) recent offer to purchase Allied in a $648 million all-stock deal undervalued the business. According to Hedge Fund Solutions’ Catalyst Research Reports, Centaurus Capital advised Allied to further consider Prospect Capital Corporation’s (NASDAQ: PSEC) offer for an all-stock purchase which was previously rejected by the board as the “less superior” offer but is implicitly valued 25% higher than Ares’.

On March 3rd, Allied Capital announced that a special cash dividend of $0.20 per share will be declared if shareholders owning a total of 2/3 of shares outstanding approve of the merger with Ares Capital at the meeting scheduled for March 26th. This will be difficult since about 70% of Allied shareholders are retail holders who do not vote as frequently as institutional holders. Prospect terminated its offer after this announcement but will discuss a potential deal if this merger falters.

Centaurus Capital currently holds 9,510,887 shares of Allied or 5.3% of shares outstanding. Centaurus Capital is a deep value hedge fund manager that specializes in event-driven European strategies. The firm was founded in 2000 by Chairman Bernard Oppetit and Chief Investment Officer Randel Howard Freeman