American Capital Strategies announced that it will be acquiring all of the ordinary shares of European Capital held by other investors. European Capital shareholders will be getting about 1/3 of ACAS share in exchange for their stock. Furthermore ACAS announced that it won't pay any more dividends for the remainder of 2008.
This doesn't really come as a shock to me as ACAS stock price has been falling for several months after I considered it a must own dividend stock and bought some shares in this business development company. With the stock being off over 40% as of now I guess I should have sold at the open if I had seen the news earlier. Anyways I am planning on selling my ACAS position.
Disclosure: Long ACAS
Popular Posts
-
There were five companies with at least a decade of dividend increases under their belt which hiked distributions last week. There was one ...
-
For this week’s review of notable dividend increases, I have included four companies which raised distributions last week. Each company has ...
-
I have long subscribed to the theory that buy and hold means buy and monitor . Dividend investors should continue monitoring their holdings ...
-
I started my website almost twelve years ago. During that time I shared my process of looking for and analyzing companies. I discussed my st...
-
It has been over a decade since the Great Recession ended. The end of the recession was marked with a profit rebound, and a continued rise i...
-
As an investor, there are a few things you can control. You can control how much you save, what strategy you have to achieve your goals, you...
-
Dividend momentum is a strategy that takes full advantage of the theory behind companies in motion, who tend to stay in motion for years and...
-
The value of a business to a buyer in a going private transaction is its intrinsic value. In other words, if a business is acquired by anoth...
-
U.S. Bancorp (USB) is a financial services holding company, which provides various financial services in the United States. It operates in ...
-
Warren Buffett is the second richest person in the world, a self-made billionaire investor that has a very large following. He is well know...
