Ares Capital to acquire American Capital for $3.4 billion

May 23, 2016 12:21 PM

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Ares Capital Corp (ARCC.O), a lender to mid-sized companies, said it would buy smaller rival American Capital Ltd (ACAS.O) in a cash-and-stock deal valued at $3.4 billion.

American Capital shareholders will receive $6.41 per share in cash and 0.483 Ares Capital shares for each share held.

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