Softbank to buy US-listed Fortress for $3.3b
SoftBank Group has agreed to acquire Fortress Investment Group – which manages $36.7 billion in alternatives – for approximately $3.3 billion in cash. It puts the Japanese company on course to become one of the world’s largest asset managers.
SoftBank said in a filing that it would pay $8.08 per share for all Class A stock in US-listed Fortress, which represents a 38.6% premium to the February 13 closing price. Fortress shareholders will also...
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