SoftBank clears final hurdles to buy DigitalBridge at $16 per share
What's the deal? DigitalBridge GroupDealroom has a profile for this one. Try Dealroom → (NYSE: DBRG) said it has received all regulatory approvals needed to complete its acquisition by SoftBank GroupDealroom has a profile for this one. Try Dealroom →. Stockholders will receive $16.00 per share in cash, and the transaction is expected to close within five business days.
Why now? The clearances remove the last barriers to closing. They include sign-off from the Federal Energy Regulatory Commission (FERC), clearance from the Committee on Foreign Investment in the United States (CFIUS), and all other required antitrust and investment approvals.
What each side brings: DigitalBridge is a global alternative asset manager focused on digital infrastructure — cell towers, data centres, fibre, small cells, and edge infrastructure — with more than 30 years of history in the sector. It manages these assets for limited partners and shareholders from its Boca Raton, Florida headquarters.
What changes? After closing, DigitalBridge's common stock will stop trading and be delisted from the New York Stock Exchange. Holders of its Series H, Series I, and Series J preferred stock will get a change-of-control notice and a conversion election; shares not exercised are expected to stay outstanding under their existing terms.
The signal: SoftBankDealroom has a profile for this one. Try Dealroom → is deepening its bet on the physical backbone of computing, taking control of one of the largest managers of digital infrastructure assets as demand for data centres and connectivity keeps climbing.
Read more: marketscreener.com
Image credit: NeoSpire
