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Published in Business and Finance on Friday, December 30th 2011 at 13:06 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
American Capital Announces the Purchase of 8.4 Million of Its Shares -- BETHESDA, Md., Dec. 30, 2011 /PRNewswire/ --
American Capital Announces the Purchase of 8.4 Million of Its Shares
BETHESDA, Md., Dec. 30, 2011 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: [ ACAS ]) ("American Capital" or the "Company") announced today that since early November it has made open market purchases of 8.4 million shares of American Capital common stock, or 2.5% of the Company's outstanding shares of common stock as of September 30, 2011, at an average of $6.97 per share, totaling $58.7 million.
ABOUT AMERICAN CAPITAL
American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. Founded in 1986, American Capital has $57 billion in assets under management and seven offices in the U.S. and Europe. American Capital and European Capital will consider investment opportunities from $10 million to $300 million. For further information, please refer to [ www.americancapital.com ]
Performance data quoted above represents past performance of American Capital. Past performance does not guarantee future results and the investment return and principal value of an investment in American Capital will likely fluctuate. Consequently, an investor's shares, when sold, may be worth more or less than their original cost. Additionally, American Capital's current performance may be lower or higher than the performance data quoted above.
This press release contains forward-looking statements. The statements regarding expected results of American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions or changes in the conditions of the industries in which American Capital has made investments.
CONTACT:
Investors – (301) 951-5917
SOURCE American Capital, Ltd.
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[ http://www.americancapital.com ]
