BRIEF-Focused Capital provides update on transaction with Agnity Global, Inc

Wed Mar 30, 2016 11:13am EDT
 
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March 30 (Reuters) - Focused Capital Corp

* Focused Capital Corp. provides update on proposed qualifying transaction with Agnity Global, Inc.

* Says currently anticipate proposed transaction will proceed by way of a triangular merger transaction under Delaware law

* Says Agnity Global will combine its corporate existence with a wholly-owned subsidiary of Focused

* Focused Capital says anticipate Board Of Directors of resulting issuer will consist of 5 directors, all of whom will be nominated by Agnity Global Source text for Eikon: Further company coverage: