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American Capital Announces Purchase of 8.8M of Its Shares

Courtesy of Benzinga.

American Capital, Ltd. (Nasdaq: ACAS) announced today that in the fourth quarter of 2012, it made open market purchases of approximately 8.8 million shares of American Capital common stock, or 2.8% of the Company’s outstanding shares as of September 30, 2012.  The shares were purchased at an average price of $11.72 per share, totaling approximately $103 million.

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