Ares BDC closes merger, boosts assets by over $3bn

The transaction with American Capital caps off a sale process that began in January of last year. 

Ares Capital Corporation has closed its $3.62 billion acquisition of American Capital, further cementing its position as the largest business development company.

The sellers’ stockholders received $18.06 per share for the deal, which broke down to $14.41 per American Capital share, $1.20 per share of cash provided by an Ares Management affiliate and $2.45

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