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Article: American Capital Receives $66 Million In Proceeds From Sale of Imperial Supplies.
- Article from:
- Electronics Newsweekly
- Article date:
- November 4, 2009
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American Capital Ltd. (NASDAQ:ACAS) announced that on October 13 it completed the sale of its portfolio company Imperial Supplies Holding Inc. to W.W. Grainger Inc. (NYSE: GWW). American Capital received $66 million in proceeds and realized a loss of $5 million during the fourth quarter from the transaction, subject to post-closing adjustments. American Capital's compounded annual rate of return, including interest, dividends and fees earned over the life of its investment was 9%. The proceeds received by American Capital were greater than the second quarter 2009 valuation of the investment by $16 million, or 34%.
"We are very pleased with the results of our ...
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