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Stock Market & Financial Investment News

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March 31, 2014
08:06 EDTACASAmerican Capital suspends repurchase program
The company's board has decided to suspend such purchases for an indefinite period. The company is undertaking a process to evaluate its corporate structure to determine whether that structure and the various legal, regulatory and accounting regimes under which it operates are the optimum means for the operation and capitalization of its business. The board has determined that it is appropriate to suspend share purchases as it considers the capital requirements of organizational changes that could result from this evaluation. American Capital announced that in the first quarter of 2014, it made open market purchases of 8.9M shares of American Capital common stock, or 3.3% of the Company's outstanding shares as of December 31, 2013. The shares were purchased at an average price of $15.38 per share, totaling $137M.
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