SAN FRANCISCO (Thomson Financial) - American Capital Strategies Ltd. late Thursday said it recognized total proceeds of $371 million in the first quarter of 2008 from the sale of its portfolio company Exstream Holdings Inc. to Hewlett-Packard Co.
The Bethesda, Md.-based investment firm also said it realized a gain from the sale of $18 million.
Exstream is the parent company of Exstream Software LLC, a provider of enterprise software for the rapid design and delivery of personalized communications.
Shares of American Capital were up 59 cents, or about 1.7%, at $35.98. Katherine Hunt kh/tk1 COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The Bethesda, Md.-based investment firm also said it realized a gain from the sale of $18 million.
Exstream is the parent company of Exstream Software LLC, a provider of enterprise software for the rapid design and delivery of personalized communications.
Shares of American Capital were up 59 cents, or about 1.7%, at $35.98. Katherine Hunt kh/tk1 COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
