DigitalBridge acquisition by SoftBank wins all regulatory approvals, closing expected within five days - DBRG News | RalliesDigitalBridge acquisition by SoftBank wins all regulatory approvals, closing expected within five days
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DBRG• All regulatory approvals received
- SoftBank Group is set to acquire DigitalBridge Group, with all closing conditions now satisfied except items due at closing.
- The deal is expected to close within five business days under the merger agreement.
- DigitalBridge shareholders are slated to receive $16 per share in cash at closing.
Trading expected to end after closing
- DigitalBridge stock is expected to stop trading and be delisted from the NYSE once the transaction closes.
- Series H, Series I, and Series J preferred holders will receive a change-of-control notice; non-electing shares are expected to remain outstanding.
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