Allied Capital gets shareholder OK to merge with Ares Capital

03/29/2010 | American City Business Journals

Shareholders of Allied Capital have approved the merger with Ares Capital, a deal whose complications have been many. Allied Capital will pay shareholders a 20-cent-per-share dividend, funded when the deal closes. The transaction is worth roughly $878 million. The combined firm, which will be called Ares Capital, will have its headquarters in New York.

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