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
-
3M Company (MMM) operates as a diversified technology company worldwide, which operates in five segments: Industrial, Safety and Graphics, H...
-
Last week, there were five dividend growth companies which increased distributions to their shareholders. Each of these companies has manage...
-
There are a lot of stories about people who become financially independent these days in their 30s or 40s. While these are isolated instance...
-
It is time for my weekly review of notable dividend increases from the past week. This review is part of my monitoring process. It is also ...
-
I use a few quantitative factors in my investing including streak of annual dividend increases, dividend payout ratios, growth in earnings p...
-
Lowe's Companies, Inc. (LOW), together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and ...
-
The Home Depot, Inc. (HD) operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, ...
-
UnitedHealth Group Incorporated (UNH) operates as a diversified health care company in the United States. It operates through four segments...
-
As part of my monitoring process , I look at the list of dividend increases every week. I usually focus my attention on the companies that h...
-
Last year, I started a premium newsletter focusing on providing more actionable content for subscribers. I launched this service, particula...
