The New York Investment firm Prospect Capital Corp. has agreed to acquire a majority stake in specialty-finance company, First Tower Corp., for roughly $266 million.

Prospect said Tuesday that it is buying an 80.1% stake in First Tower in Flowood, Mo., for $110.2 million in cash and 14.5 million shares of common stock. First Tower shareholders would gain an 11% stake in Prospect under terms of the deal.

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