Harwood Feffer LLP Announces Investigation of American Capital, Ltd.
May 23, 2016
NEW YORK, May 23, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of American Capital, Ltd. ("American Capital" or the "Company") (NASDAQ: ACAS) concerning the proposed acquisition of the Company by Ares Capital Corp. ("Ares").
Under the terms of the offer, Ares would acquire American Capital in a transaction valued at approximately $3.4 billion. Pursuant to the deal, American Capital stockholders will receive $8.86 in cash and 0.483 shares of Ares per American Capital share owned, worth approximately $17.40. According to Yahoo Finance, at least one analyst has set a target price for American Capital stock of $18.00 per share.
Our investigation concerns whether the American Capital board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own American Capital shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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