Replies to post #2008 on American Capital LTD (ACAS)

[Prudent Capitalist]

I see that the tenor of the discussion there is quite ugly, and that is not surprising. This deal is not a positive one for ACAS investors. The executive leadership of the company needs to wake up and rethink this deal.

[Prudent Capitalist]

Note that the recently release financials list the NAV at $20.70. This pending deal smells to high heaven. How could the Executives and Directors of this company believe they are fulfilling their duty to shareholders in selling everything for a value of just $17.50?

[Prudent Capitalist]

I still think the transaction stinks for ACAS holders given that the NAV is over $20, and the maximum value of the deal is around $17.50. I sold out of ACAS at around $17.10 last month and the 3 investments into which I placed the proceeds are all up very significantly since then, with 2 of them being just adding to existing positions at favorable levels. So, have come out much better by not waiting around for this deal to close. GLTY.