Allied Capital Corp. (ALD) soars on acquisition by arch rival

Allied Capital Corp.(NYSE: ALD) shares jumped 32% to $3.61 after rival Ares Capital Corp. (NASDAQ: ARCC) said it would acquire the debt-riddled small-business lender in a $648 million deal. Shares of Ares Capital (ARCC) also rose more than 12% in the process following the Ares Capital (ARCC) move to make an acquisition.

Allied Capital Corp. (ALD) stock chart suggests that candlesticks and moving average lines have been moving in a symmetrical range for some months now, and is no mood to soar in future.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.