DigitalBridge Clears Final Regulatory Hurdles, SoftBank Deal to Close Within Days
DBRG sits 78% above its 52-week low of $8.94.
Summary
DigitalBridge has received all regulatory approvals needed for its acquisition by SoftBank Group, including FERC, CFIUS, and antitrust clearances. The deal is now expected to close within five business days, with stockholders receiving $16.00 per share in cash. Following completion, DBRG shares will be delisted from the NYSE. This is the final major milestone before the transaction closes, removing the last significant uncertainty. The stock is trading near its 52-week high of $15.98, just below the $16.00 deal price, reflecting high confidence in completion. Preferred holders will receive change of control notices and conversion elections as previously disclosed.
At the time of this announcement, DBRG was trading at $15.93 on NYSE in the Finance sector, with a market capitalization of approximately $3B. The 52-week trading range was $8.94 to $15.98. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.