March 30 (Reuters) - Focused Capital Corp FLOh.V
* 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: ID:nCNWvtwD3a
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