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American Capital Ltd. (ACAS) Is Up Sharply After Share Repurchase

American Capital Ltd. (ACAS) announced Monday morning that it made open market purchases of 8.9 million shares of its common stock during the first quarter. The company's Board has determined that it is appropriate to suspend share purchases.

American Capital gapped up Monday and has risen sharply in early trade. The stock is now up 1.05 at $15.26 and has surged to over a 2-week high.

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