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ARCC

Ares Capital

$15.16

-0.08 (-0.52%)

, ACAS

American Capital

$16.86

-0.02 (-0.12%)

08:01
10/18/16
10/18
08:01
10/18/16
08:01

Ares Capital, American Capital to hold investor meetings for adoption of merger

Ares Capital Corporation (ARCC) and American Capital, Ltd. (ACAS) have announced the scheduling of meetings of their respective stockholders to be held on December 15, 2016 to seek adoption of the merger agreement, which is necessary to complete the mergers, and approval of certain other matters from such stockholders. Each company's common stockholders of record as of the close of business on October 17, 2016 are entitled to vote at their respective meetings. The companies also announced that ARCC's registration statement on Form N-14, which includes a joint proxy statement of ARCC and ACAS and a prospectus of ARCC, has been declared effective by the SEC. The joint proxy statement/prospectus is first being mailed or otherwise delivered to stockholders on or about October 18, 2016. The joint proxy statement/prospectus contains important information about the proposed merger transaction, the merger agreement and the proposals to be considered at the stockholder meetings. Both ARCC's and ACAS's boards of directors, including the independent directors, unanimously recommend that their respective stockholders vote "FOR" adoption of the merger agreement, which is necessary to complete the mergers, and approval of related matters. The companies expect the transaction to close as early as the first week of January 2017, assuming receipt of the necessary stockholder approvals at the stockholder meetings, the receipt of certain third party consents and the satisfaction of other customary closing conditions.

ARCC

Ares Capital

$15.16

-0.08 (-0.52%)

ACAS

American Capital

$16.86

-0.02 (-0.12%)

  • 02

    Nov

ARCC Ares Capital
$15.16

-0.08 (-0.52%)

08/05/16
OPCO
08/05/16
NO CHANGE
OPCO
Oppenheimer goes to Not Rated on American Capital Senior Floating
Oppenheimer analyst Chris Kotowski went to Not Rated on American Capital Senior Floating (ACSF) from his previous Outperform rating, citing the company's announced acquisition by Ares Capital (ARCC) that is expected to close in 2017.
07/22/16
RHCO
07/22/16
NO CHANGE
RHCO
Ares Capital named Top Pick at SunTrust
SunTrust named Ares Capital as its top pick, citing what it sees as potential positive catalysts from the company's acquisition of American Capital in 2018 and beyond. The firm says that Ares' valuation is attractive, and it keeps a Buy rating on the shares.
06/28/16
NSCC
06/28/16
INITIATION
Target $16
NSCC
Neutral
Ares Capital initiated with a Neutral at National Securities
National Securities initiated Ares Capital with a Neutral and $16 price target due to valuation.
05/24/16
DADA
05/24/16
NO CHANGE
DADA
Ares Capital acquisition positive for shareholders, says DA Davidson
After Ares Capital (ARCC) announced an agreement to acquire American Capital (ACAS),DA Davidson says the deal will improve Ares' dividend coverage. The firm says that Ares has a record of making good investments and successfully integrating large BDCs. The firm keeps a Buy rating on Ares.
ACAS American Capital
$16.86

-0.02 (-0.12%)

08/04/16
JPMS
08/04/16
DOWNGRADE
Target $17.5
JPMS
Neutral
American Capital downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Richard Shane downgraded American Capital to Neutral citing the company's impending merger with Ares Capital. The analyst has a $17.50 price target for the shares.
02/18/16
WELS
02/18/16
NO CHANGE
WELS
American Capital can be acquired for $16 per share, says Wells Fargo
Wells Fargo believes that American Capital could be acquired for $16 per share, based on what Wells calls "conservative assumptions" about its assets. The firm says that one buyer will probably buy core American Capital and another will buy its ACAM unit, since the combined company may be too big for one buyer to deal with. Wells keeps an Outperform rating on the shares.
11/30/15
11/30/15
NO CHANGE

American Capital estimates raised at Sterne Agee CRT
Sterne Agee CRT raised its 2016 and 2017 EPS estimates for American Capital to $1.75 and $2, from $1.45 and $1.55, respectively. As reasons for the increase, the firm cited the company's decision to raise its share buyback expenditures, as well as the firm's belief that the company will improve its operating efficiency. After the company announced that it would evaluate strategic alternatives, Sterne Agee CRT thinks the company can increase shareholder value by proceeding with its planned spin or by instituting a dividend. The firm keeps an $18 price target and Buy rating on the shares.

TODAY'S FREE FLY STORIES

UAL

United Continental

$70.55

0.99 (1.42%)

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SLCA

U.S. Silica

$40.95

0.44 (1.09%)

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Technical Analysis
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    Apr

PWOD

Penns Woods Bancorp

$41.77

-0.16 (-0.38%)

11:12
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NEM

Newmont Mining

$34.01

-0.12 (-0.35%)

11:11
04/24/17
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11:11
Options
Put buying continues in Newmont Mining ahead of earnings »

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  • 25

    Apr

11:10
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General news
Treasury announced a $60 B 4-week bill auction for Tuesday »

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SNY

Sanofi

$45.93

1.835 (4.16%)

11:09
04/24/17
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11:09
Periodicals
Breaking Periodicals news story on Sanofi »

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  • 24

    Apr

  • 03

    May

11:07
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11:07
General news
4-Week Bill Announcement Offering Amount data reported »

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VLO

Valero

$66.69

1.46 (2.24%)

11:06
04/24/17
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Options
Valero call volume above normal and directionally bullish »

Bullish option flow…

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BOCH

Bank of Commerce Holdings

$11.05

0.1 (0.91%)

11:01
04/24/17
04/24
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11:01
Hot Stocks
Bank of Commerce Holdings to relocate headquarters to Sacramento from Redding »

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WHR

Whirlpool

$174.98

3.47 (2.02%)

11:01
04/24/17
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Technical Analysis
Whirlpool technical comments before earnings »

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  • 25

    Apr

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SBH

Sally Beauty

$19.27

-0.425 (-2.16%)

, SMRT

Stein Mart

10:57
04/24/17
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Hot Stocks
Sally Beauty slides after downgrade as KeyBanc sees 'hairy' retail story »

Shares of Sally Beauty…

SBH

Sally Beauty

$19.27

-0.425 (-2.16%)

SMRT

Stein Mart

ULTA

Ulta Beauty

$279.50

0.77 (0.28%)

03/08/13
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  • 20

    Jun

BX

Blackstone

$30.35

0.07 (0.23%)

10:56
04/24/17
04/24
10:56
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10:56
Options
Blackstone put volume heavy and directionally bearish »

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10:55
04/24/17
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General news
Treasury Action: Treasuries were unaffected by Dallas Fed beat »

Treasury Action:…

KURA

Kura Oncology

10:52
04/24/17
04/24
10:52
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10:52
Conference/Events
Kura Oncology management to meet with JMP Securities »

Meeting to be held on the…

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  • 26

    Apr

10:50
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General news
U.S. Dallas Fed manufacturing index dipped 0.1 point to 16.8 in April »

U.S. Dallas Fed…

DWCH

Datawatch

$9.25

0.85 (10.12%)

10:49
04/24/17
04/24
10:49
04/24/17
10:49
Conference/Events
Datawatch management to meet with Craig Hallum »

Meeting to be held in New…

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  • 26

    Apr

BGG

Briggs & Stratton

$23.94

0.44 (1.87%)

10:46
04/24/17
04/24
10:46
04/24/17
10:46
Conference/Events
Briggs & Stratton management to meet with Sidoti »

Meeting to be held in…

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  • 26

    Apr

10:45
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General news
Breaking General news story  »

4-Week Bill Announcement…

AKS

AK Steel

$6.93

0.2083 (3.10%)

, STLD

Steel Dynamics

$35.37

0.46 (1.32%)

10:44
04/24/17
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10:44
Hot Stocks
Analyst upgrades steel stocks on signs of rebounding demand »

Macquarie upgraded…

AKS

AK Steel

$6.93

0.2083 (3.10%)

STLD

Steel Dynamics

$35.37

0.46 (1.32%)

NUE

Nucor

$60.99

0.99 (1.65%)

X

U.S. Steel

$31.14

0.72 (2.37%)

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  • 25

    Apr

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    May

X

U.S. Steel

$31.10

0.68 (2.24%)

10:41
04/24/17
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Options
US Steel sees a bullish option play ahead of earnings »

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  • 26

    Apr

PZRX

PhaseRx

$1.24

-0.01 (-0.80%)

10:40
04/24/17
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10:40
Hot Stocks
PhaseRx receives EC orphan medicinal product designation »

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HLF

Herbalife

$61.20

1.215 (2.03%)

, WGO

Winnebago

$27.00

0.75 (2.86%)

10:38
04/24/17
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Initiation
On The Fly: Top five analyst initiations »

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HLF

Herbalife

$61.20

1.215 (2.03%)

WGO

Winnebago

$27.00

0.75 (2.86%)

VC

Visteon

$97.32

0.3 (0.31%)

RGEN

Repligen

$35.06

-0.78 (-2.18%)

RBA

Ritchie Bros.

$31.48

0.74 (2.41%)

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  • 27

    Apr

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  • 05

    May

  • 30

    May

  • 06

    Jun

  • 08

    Jun

DIS

Disney

$114.80

0.36 (0.31%)

, GRPN

Groupon

$3.88

-0.02 (-0.51%)

10:38
04/24/17
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Downgrade
On The Fly: Top five analyst downgrades »

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DIS

Disney

$114.80

0.36 (0.31%)

GRPN

Groupon

$3.88

-0.02 (-0.51%)

GWW

Grainger

$192.42

-2.735 (-1.40%)

BAC

Bank of America

$23.67

0.955 (4.21%)

DFT

DuPont Fabros

$49.76

-1.44 (-2.81%)

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  • 26

    Apr

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  • 09

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    May

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    May

  • 06

    Jun

  • 19

    Jul

  • 17

    Oct

  • 24

    Jan

SWK

Stanley Black & Decker

$138.17

0.61 (0.44%)

, KEY

KeyCorp

$18.77

0.615 (3.39%)

10:38
04/24/17
04/24
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Upgrade
On The Fly: Top five analyst upgrades »

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SWK

Stanley Black & Decker

$138.17

0.61 (0.44%)

KEY

KeyCorp

$18.77

0.615 (3.39%)

SONC

Sonic

$24.91

0.63 (2.59%)

TRV

Travelers

$120.96

1.86 (1.56%)

WING

Wingstop

$28.27

0.175 (0.62%)

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  • 04

    May

  • 09

    May

  • 24

    May

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    May

  • 20

    Jun

B

Barnes Group

$51.83

0.4 (0.78%)

10:37
04/24/17
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Downgrade
Barnes Group rating change  »

Barnes Group downgraded…

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  • 28

    Apr

  • 09

    May

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