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Security Capital Corporation Sells Its 91.52% Interest in Its Primrose Holdings, Inc. Subsidiary.

Publication: Business Wire
Publication Date: 31-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
GREENWICH, Conn. -- Security Capital Corporation (AMEX: SCC) ("Security Capital" or the "Company") announced today that, on March 31, 2006, it completed its previously announced sale of 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 net aggregate purchase price for the Company's interest in Primrose and those interests in Primrose held by minority stockholders and option holders was approximately $82.8 million (after giving effect to certain adjustments...

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