Elliott Starts Fight to Stop American Capital Spinoff of BDC

  • Activist goes public with 8.4% stake in asset manager
  • Elliott argues against spin in proxy materials, letter

Activist Elliott Management Corp. disclosed a new stake in American Capital Ltd. and started a proxy campaign urging shareholders to oppose the asset manager’s planned spinoff of its BDC unit.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.