DigitalBridge preferred shareholders gain right to convert shares into cash after SoftBank deal closes - DBRG News | RalliesDigitalBridge preferred shareholders gain right to convert shares into cash after SoftBank deal closes
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DBRG• DigitalBridge preferred shareholders gain cash-conversion right after SoftBank deal closes
- DigitalBridge plans to delist its Series H, Series I, Series J cumulative redeemable perpetual preferred stock from the NYSE.
- The move follows its pending acquisition by a SoftBank affiliate, shifting the company to private ownership.
- Holders will have the right to convert preferred shares into cash following the merger, with conversion dates set 20-35 days after notice.
- Preferred stock terms will remain unchanged despite the delisting.
- No alternative exchange listing or quotation venue has been arranged for the preferred shares.
