CapitalSource Said to Seek Buyer for Company, Approach Banks

CapitalSource Inc., the Chevy Chase, Maryland-based lender to small businesses, is seeking a potential buyer, said two people with knowledge of the matter.

The lender has solicited interest from companies including banks in recent days, said one of the people, who spoke on condition of anonymity because the talks are private.

CapitalSource rose 28 cents, or 4 percent, to $7.33 in New York Stock Exchange composite trading today after the DealReporter website said the company is working with JPMorgan Chase & Co. to explore alternatives. Based on the closing price, the company has a market capitalization of about $2.4 billion.

Michael Weiss, a spokesman for CapitalSource, didn’t immediately return a call seeking comment.

To contact the reporter on this story: Zachary R. Mider in New York at zmider1@bloomberg.net

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.