DigitalBridge and Aberdeen Acquire Equans Infra & Mobility
DBRG sits 76% above its 52-week low of $8.94.
Summary
DigitalBridge Group, in partnership with Aberdeen Investments, has acquired Equans Infra & Mobility, B.V. This marks another acquisition for DigitalBridge, following a similar deal in March, and indicates the company continues to expand its digital infrastructure portfolio. While DigitalBridge's stock price is largely capped by its pending $16.00 per share acquisition by SoftBank, this deal adds to the underlying asset value SoftBank will acquire.
At the time of this announcement, DBRG was trading at $15.70 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $8.94 to $15.72. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.