BETHESDA, Md. (AP) - American Capital Strategies Ltd. plans to sell a
roughly 5 percent stake in itself to raise money to pay off debt and make
investments, the investment manager said Monday.
American Capital Strategies plans to sell 8.7 million shares in a sale
managed by Citigroup, Merrill Lynch, Morgan Stanley, and Pierce, Fenner & Smith.
Credit Suisse, HSBC, JPMorgan and UBS are co-managing the sale.
The underwriters will be granted options to buy up to 1.3 million shares at
the same price.
The company did not disclose the price it expects to command for the shares.
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