On Friday, American Capital Ltd.(NASDAQ:ACAS) announced the buyback of its $58.7 million common stock in open market since early November. The company repurchased total 8.4 million shares of its common stock at an average price of $6.97 per share.
During the third quarter of 2011, American Capital repurchased a total of 9.1 million shares of its common stock in the open market for $75 million. The average purchase price was $8.21 per share.
American Capital foresees additional stock repurchases or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards