Last year the annual report was filed on March 2 or 3 which is usually is 8-10 days after they release the outcome publicly. If I remember correctly l last year's release ran a little later than usual , but what has been usual about ACAS over the last 18 months?
Well ,as a 'long' read every post that passes through this message board and MB has been put on ignored as of today. It would be different if he actually had a valid opinion instead of the immature whining.
Wholly owned subsidiary or folded completely under the Walgreen banner it would still be totally controlled by Walgreen's hence stores will be closed for competitive reasons.
NMB. , lucky find but not the one I remember:
"BETHESDA, Md., Sept. 24, 2014 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today that it has closed American Capital Equity III, LP ("ACE III"), its new private equity fund focused on investing in U.S. companies in the lower middle market. The transaction further expands American Capital's asset management business and diversifies its investor base, adding new private equity limited partners and increasing American Capital's earning assets under management.
The investor group, which was led by funds advised by Coller Capital, Goldman Sachs Asset Management and StepStone Group, also includes select sovereign wealth funds, state retirement and pension systems, high net worth family offices, superannuation funds and foundations, totaling 39 limited partners."
There is another news release prior to the creation of ACE 3 announcement that delved a little further into the research employed for he fund.
I believe it was either in a quarterly presentation or part of a news release. I remember they mention GS for sure, and several other lesser players as part of the advising "team" with ACE 3.
I don't havethe time at the moment but will give it a search later on.............. late 2014? maybe ,
GS and CS were the same guys that advised them on ACE #. that worked out well????
They are plenty of buyers at .50 on the dollar pretty mush the guys that GS brought to the table before. These guys work both sides of the table.
I am annoyed, a BDC that has been in business for almost 30 years does not of the contacts to sell their own assets. Employing a third party at this point does nothing for potential shareholder value. These guys are going to get a percentage and the quicker the sell the better, they can them move on to other fish , leaving a few million on the table is meaningless when your making billions yoy.
Just jumped .15-.20 on several trades of roughly 25K.
"This resignation avoids potential conflicts of interest for Mr. Dolce, also a member of Juniper Networks' Board of Directors, following the announcement that Juniper has acquired BTI Systems."
Being on the Juniper board represented no conflicts? ha go figure.
"The first paragraph of Item 6 is hereby amended and restated to read as follows:
Elliott, itself and through The Liverpool Limited Partnership, a Bermuda limited partnership and a wholly-owned subsidiary of Elliott ("Liverpool"), and Elliott International have entered into notional principal amount derivative agreements (the "Derivative Agreements") in the form of cash settled swaps with respect to 4,622,354 and 14,175,745 shares of Common Stock of the Issuer, respectively (representing economic exposure comparable to approximately 1.8% and 5.4% of the shares of Common Stock of the Issuer, respectively). Collectively, the Derivative Agreements held by the Reporting Persons represent economic exposure comparable to an interest in approximately 7.1% of the shares of Common Stock. The Derivative Agreements provide Elliott and Elliott International with economic results that are comparable to the economic results of ownership but do not provide them with the power to vote or direct the voting or dispose of or direct the disposition of the shares that are referenced in the Derivative Agreements (such shares, the "Subject Shares"). The Reporting Persons disclaim beneficial ownership in the Subject Shares. The counter parties to the Derivative Agreements are unaffiliated third party financial institutions."
Who is entity on the other side of the derivative agreement?
No I realize there two separate events. Last year they held the annual shareholder meeting on the 24 of April and similar time schedules for the previous years. Putting a notice out five months ahead of time is just strange and confusing.
Redirecting focus on selling versus a reorg will certainly add to and change the proxy statements.
They may be a buyer for pieces or the whole show, especially if they divide assets with another group or two.
"Board of Directors set June 30, 2016 as the date of its Annual Meeting of Stockholders and May 9, 2016 as the record date"
I am sure they justify this change as time to gather any and all offers made for assets,and present them just once to the shareholders of record.
Now could they schedule the 2015 year end financials? they have gone over the company's status now at least twice last year so the paper work just needs a signature....