Allied Capital Corp. (ALD)

Ares Capital Corporation and Allied Capital Corporation announced today that they have entered into a definitive agreement under which Ares Capital will acquire Allied Capital in an all stock transaction currently valued at $648 million, or approximately $3.47 per Allied Capital share. This represents a 27.3% premium to Allied Capital’s closing stock price on Friday, October 23, 2009. The Boards of Directors of both companies have each unanimously approved the transaction.

Oct 26 · 7:26:00 PM · Source: Company News Release · Related: Ares Capital Corporation
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter