Reuters breaks news on ACAS euro sale; shares up 50 pct

Reuters broke news on April 30 that US private equity firm American Capital was sounding out buyers for its European portfolio in a deal that could be worth $2 billion, making it one of the largest secondary private equity sales since the credit crisis began. Shares of American Capital rose as much as 15 percent during the day and gained 50 percent in the three trading days after the news. The FT matched the next day, following Reuters line on the firm approaching buyers of secondary private equity assets.