Ares Capital Corp. (ARCC) announced Monday morning that it agreed to acquire Allied Capital Corp. (ALD) in an all stock transaction currently valued at $648 million. The transaction is expected to close by the end of the first quarter of 2010. Ares Capital rose sharply in the first half hour of trade Monday and climbed further in the early portion of the afternoon. The stock closed up by $1.30 at $11.99 on the highest volume of the year. Shares broke out of over a one-month range and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.