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Why American Capital Agency (AGNC) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of American Capital Agency (AGNC) are up 1.17% to $18.99 on heavy trading volume mid-afternoon on Monday as the company agreed to buy American Capital Mortgage Management for $562 million from American Capital (ACAS).

Bethesda, MD-based American Capital Agency will pay $2.45 per fully diluted share for American Capital Mortgage Management.

Separately, Ares Capital (ARCC) will acquire American Capital in a deal valued at about $3.43 billion.

American Capital Agency is a real estate investment trust. It primarily...


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