SMG Has Not Been Sold

The Monday announcement that Ares Capital Corporation (NASDAQ: ARCC) and American Capital, Ltd. (NASDAQ: ACAS) have entered into a definitive merger agreement under which Ares Capital will acquire American Capital, excluding American Capital Mortgage Management, LLC, has no impact on SMG according to SMG CFO John Burns.

While American Capital Corp. did acquire SMG for $631 million in 2007, it spun it off to American Capital Equity III, LP, in 2014, an event documented on American Capita...