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February 20, 2013
09:02 EDTACAS, CGAmerican Capital sells Paradigm Precision for $127M
American Capital (ACAS) announced that its portfolio company Paradigm Precision was sold to Dynamic Precision Group, a portfolio company of The Carlyle Group (CG), on January 31. American Capital and its affiliated funds have received $129M in debt and equity proceeds, subject to post-closing adjustments, of which $127M was received by American Capital. American Capital's compounded annual rate of return earned on its senior debt, subordinated debt and equity investments since the first quarter of 2007 was 11%, including interest, dividends and fees earned over the life of its investment.
News For ACAS;CG From The Last 14 Days
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December 1, 2015
08:05 EDTACASFBR Capital to hold a conference
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November 30, 2015
10:20 EDTACASOptions with increasing implied volatility: INSY BXLT ACAS YOKU
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07:43 EDTACASAmerican Capital estimates raised at Sterne Agee CRT
Sterne Agee CRT raised its 2016 and 2017 EPS estimates for American Capital to $1.75 and $2, from $1.45 and $1.55, respectively. As reasons for the increase, the firm cited the company's decision to raise its share buyback expenditures, as well as the firm's belief that the company will improve its operating efficiency. After the company announced that it would evaluate strategic alternatives, Sterne Agee CRT thinks the company can increase shareholder value by proceeding with its planned spin or by instituting a dividend. The firm keeps an $18 price target and Buy rating on the shares.
06:03 EDTCGBlackstone-led group to buy Armacell from Charterhouse, Reuters reports
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November 27, 2015
10:51 EDTACASOptions with increasing volume; OLED BURL CLVS M ACAS WBA NTES
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November 25, 2015
17:05 EDTACASElliott raises stake in American Capital to 9.1%, enters confidentiality pact
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16:49 EDTACASOn The Fly: Top stock stories for Wednesday
Stocks began Wednesday in positive territory and remained higher for much of the day before dipping slightly near close. The averages moved in a narrow range as investors digested a host of economic data, including reports on consumer confidence, jobless claims and housing, none of which moved the market in any discernible way ahead of the Thanksgiving holiday. ECONOMIC EVENTS: In the U.S., several days of economic reports were compressed into a single, busy morning. Jobless claims for the week ended November 21 fell to 260,000 against expectations for 270,000 first-time claims. Personal income rose 0.4% in October, matching expectations, while spending rose 0.1% versus estimates for a 0.3% increase. Meanwhile, durable goods orders were up 3% last month versus expectations for up 1.7%. Removing transportation items showed a core reading of up 0.5% against estimates for 0.3%. The FHFA home price index rose 0.8% in September to 226.5, while Markit's services index improved to 56.5 in the flash reading for November, topping the 55.1 forecast. New home sales rose 10.7% to a 495,000 rate in October. Consumer sentiment rose to 91.3 in the final November print of the University of Michigan survey, up from October's 90.0 reading but down from the preliminary November reading of 93.1. COMPANY NEWS: Shares of HP Inc. (HPQ) and HP Enterprise (HPE) headed in opposite directions following the final combined earnings report of the recently-split companies. HP Inc., which was downgraded to Hold at research firm Needham following last night's report, ended the session down 13.63% to $12.65. Meanwhile, HP Enterprise, which also announced a cloud partnership with Microsoft (MSFT), gained 3.14% to $14.12... Deere (DE), which reported better than expected earnings and issued a 2016 sales outlook matching estimates, gained 4.79% to $80 following its quarterly report. MAJOR MOVERS: Among the notable gainers was Tesla (TSLA), which advanced $11.39, or 5.22%, to $229.64 after research firm Credit Suisse reiterated its Outperform rating and $325 price target on the shares, saying the carmaker's January volume report should positively address investor fears over its fourth-quarter performance and Model X production ramp. Also higher was American Capital (ACAS), which gained $1.32, or 9.50%, to $15.22 after expanding its stock buyback program and announcing a strategic review of the company, including a possible sale. Additionally, Veeva (VEEV) jumped 5.01% to $28.73 following its quarterly numbers, which prompted analysts at both JPMorgan and Canaccord to raise their price targets on the stock. Among the noteworthy losers was PTC Therapeutics (PTCT), which declined $2.23, or 7.02%, to $29.52 after Jefferies analyst Gena Wang downgraded the stock to Underperform, saying yesterday's FDA panel for BioMarin's (BMRN) competing muscular dystrophy drug is a negative for PTC. BioMarin, meanwhile, slipped 1.78% to $96.06 for the day, while Sarepta (SRPT), also competing in the same therapeutic space, was up fractionally to $37.49. Also lower were SunEdison (SUNE) and TerraForm Power (TERP), which crashed a respective 21.6% and 17.67% after research firm UBS downgraded both stocks on "considerable" risks suggested by recent management changes at Terraform. TerraForm Global (GLBL), meanwhile, plunged 21.26% to $4.11. Separately, Dow Chemical (DOW) slipped 2.72% to $51.93 after the EPA withdrew approval for the company's Enlist Duo herbicide. INDEXES: The Dow rose 1.20, or 0.01%, to 17,813.39, the Nasdaq gained 13.33, or 0.26%, to 5,116.14, and the S&P 500 slipped 0.27, or 0.01%, to 2,088.87.
09:24 EDTACASOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Deere (DE), up 4.7%... TiVo (TIVO), up 4.6%... HP Enterprise (HPE), up 2.9%... Qunar (QUNR), up 2.7%... Guess (GES), up 7%. ALSO HIGHER: Aduro BioTech (ADRO), up 6.1% after confirming that all clinical trials are continuing unaltered as planned... American Capital (ACAS), up 6.9% after announcing strategic review of alternatives and expanding its share buyback program to $1B... Pandora (P), up 5.3% after reporting the opinion of the Register of Copyrights. DOWN AFTER EARNINGS: 21Vianet (VNET), down 2.3%... HP Inc. (HPQ), down 9.1%. ALSO LOWER: TerraForm Power (TERP), down 6.1% after being downgraded to Sell from Neutral at UBS... Sunedison (SUNE), down 6.6% after being downgraded to Sell from Neutral at UBS... BioMarin (BMRN), down 2.9% after FDA panel meeting about its New Drug Application for Kyndrisa.
08:26 EDTCGCarlyle Group management to meet with Sandler O'Neill
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08:02 EDTACASAmerican Capital expands stock buyback program to $1B
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08:02 EDTACASAmerican Capital announces strategic review of alternatives
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November 18, 2015
16:24 EDTCGBlackstone, Carlyle, KKR potential buyers of Armacell, Reuters says
Britain's Charterhouse has established a Friday deadline for bids on its insulation materials company Armacell, which may be valued at up to $1.06B, reports Reuters, citing sources. The business has attracted interest from private equity firms, with Blackstone (BX), Carlyle (CG), and KKR (KKR) "cited as potential buyers," according to the report. Reference Link

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