There's a merger in the collections industry, with Asset Acceptance Capital (AACC) selling...

|By:, SA News Editor

There's a merger in the collections industry, with Asset Acceptance Capital (AACC) selling itself to Encore Capital (ECPG) for $6.50/share in either cash or stock. AACC +10.9% premarket. "(This) moves our industry into a new phase of maturity defined by more efficient companies that are committed to operating ethically and treating customers with respect." (PR)