American Capital Agency Corp. (AGNC) - NASDAQ
  • Mon, May 23, 7:52 AM
    • American Capital (NASDAQ:ACAS) owners will receive about $3.43B in cash and ARCC common stock consideration, or $14.95 per share.
    • In addition, American Capital is selling the manager of American Capital Agency (NASDAQ:AGNC) to American Capital Agency for $562M, or $2.45 per share. Ares Management (NYSE:ARES) will help finance the deal.
    • Together, American Capital shareholders are getting $17.40 in value for each share they own vs. Friday's close of $15.62.
    • A conference call is set for 8:30 ET.
    • Source: Press Release
    | Mon, May 23, 7:52 AM | 64 Comments
Company Description
American Capital Agency Corp. is a real estate investment trust. It primarily invests in agency mortgage-backed securities and collateralized mortgage obligations. The company's investments consist of securities, for which the principal and interest payments are guaranteed by United States... More
Sector: Financial
Industry: REIT - Residential
Country: United States