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Security Capital Corporation Agrees to Sell its 91.52% Interest in its Primrose Holdings, Inc. Subsidiary.

Publication: Business Wire
Publication Date: 13-FEB-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
GREENWICH, Conn. -- Security Capital Corporation (AMEX: SCC) ("Security Capital" or the "Company") announced today that it entered into a definitive stock purchase agreement on February 10, 2006 to sell its 91.52% interest (on a fully-diluted basis) in its Primrose Holdings, Inc. ("Primrose") subsidiary to an affiliate of American Capital Strategies, Ltd. (Nasdaq: ACAS). The aggregate purchase price for the Company's interest in Primrose and those interests in Primrose held by minority stockholders and optionholders is $85 million, subject to certain adjustments set forth in the agreement relating to, among other things, payables owed to the Company and Capital Partners, Inc., employee bonuses and transaction expenses, resulting in a net aggregate purchase price of approximately $82.3 million.

Primrose is engaged in...

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