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Stock Market & Financial Investment News

News Breaks
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.
News For ACAS From The Last 14 Days
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October 13, 2014
10:06 EDTACASAmerican Capital sells Unwired Holdings to Delphi Automotive for $138M
American Capital (ACAS) announced that its portfolio company Unwired Holdings, parent to Unwired Technology, was sold to Delphi Automotive (DLPH). American Capital and its affiliated fund received $176M in debt and equity proceeds and realized a gain of $70M from the transaction, subject to post-closing adjustments. Of the total proceeds, American Capital received $138M in debt and equity proceeds, realizing a gain of $53M from the transaction, subject to post-closing adjustments. American Capital's compounded annual rate of return earned on its debt and equity securities over the life of its investment was 16%, including interest, dividends, realized gains and fees. American Capital received 2.4 times its equity investment and realized a compounded annual rate of return of 17% over the life of its equity investment, including dividends, realized gains and fees.

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