American Capital Strategies (ACAS) To Offer 8.7M Shares

American Capital Strategies Ltd. (Nasdaq: ACAS) plans to make a public offering of approximately 8.7 million shares of its common stock, subject to market conditions, all of which are being offered directly by American Capital. The Company has granted the underwriters an option to purchase up to an additional 1,305,000 shares to cover over-allotments. [LJ]