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American Capital confirms interest in spinoff of management business

May 07, 2014 4:28 PM ETAmerican Capital (ACAS) StockBy: Stephen Alpher, SA News Editor
  • Pretax NOI of $16M or $0.06 per share falls 69% from Q4.
  • Book value per share of $19.29 up $0.32 from the end of Q4.
  • 8.9M shares repurchased at average price of $15.38 each. Repurchases have stopped as company retains Goldman to advise on splitting ACAS's investments and asset management businesses.
  • CC tomorrow at 11 ET
  • Previously: American Capital beats by $0.05, misses on revenue
  • Source: Press Release
  • NASDAQ:ACAS +2.5% AH

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