Blue Owl Board Encourages Shareholders to Decline Minority Proposal from Cox and Saba
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Source: stocktwits
Board's Recommendation: Blue Owl Capital Corporation II's Board of Directors has unanimously recommended that shareholders reject an unsolicited minority tender offer from Cox Capital Partners and Sabra Capital Management for up to 8 million shares at approximately $30 million, citing a significant discount to the company's estimated long-term asset value.
Valuation Concerns: The Board believes the tender offer undervalues the company's assets and ongoing access to liquidity, representing a discount of about 33.2% to the net asset value, which is below their assessment of the potential long-term value of the shares.
Consultation Process: In reaching its conclusion, the Board consulted with management and its financial and legal advisors, reviewing the terms and conditions of the offer and considering the fund's historical financial performance and future opportunities.
Market Reaction: Retail sentiment around Blue Owl has been low, with shares falling 41.5% so far in 2026, reflecting a negative market response to the tender offer and overall company performance.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy OWL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on OWL
Wall Street analysts forecast OWL stock price to rise
15 Analyst Rating
12 Buy
3 Hold
0 Sell
Strong Buy
Current: 10.540
Low
18.00
Averages
21.13
High
28.00
Current: 10.540
Low
18.00
Averages
21.13
High
28.00
About OWL
Blue Owl Capital Inc. is an alternative asset management company. The Company deploys private capital across Credit, GP Strategic Capital and Real Estate platforms on behalf of institutional and private wealth clients. Its product platforms include Credit, GP Strategic Capital and Real Estate. Its credit products offer private financing solutions primarily to upper-middle-market companies. Its credit products are offered through a mix of business development companies, long-dated private funds, managed accounts and collateralized loan obligations. It is focused on acquiring equity stakes in or providing debt financing to private capital firms. Its Real Estate products are focused on acquiring triple net lease real estate occupied by investment-grade or creditworthy tenants. Its Real Estate products are offered through Permanent Capital vehicles, including its real estate investment trusts, and long-dated private funds. It offers asset management services to the insurance industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Blue Owl Capital Evaluates Sale of Asia Operations
- Potential Deal Size: Blue Owl Capital is evaluating the sale of its portfolio company Stack Infrastructure's Asia operations, with a potential deal exceeding $30 billion, which would significantly enhance the company's market position in infrastructure investments.
- Asset Divestment Options: Stack is exploring options for partial or full divestment of assets in key Asia-Pacific markets such as Australia, Japan, and Malaysia, a strategic choice that could impact its future business layout and competitive edge.
- Strong Market Demand: Although discussions are in the early stages, the robust appetite for data center assets in the Asia-Pacific region has attracted interest from other infrastructure-focused funds and industry players, potentially driving up Stack's asset value.
- Industry Dynamics Impact: Against the backdrop of active data center transactions, Blue Owl's potential deal aligns with recent market trends, especially as the private credit sector faces pressure, which could provide the company with new funding inflows and growth opportunities.
See More
Blue Owl Reduces Software Investment Exposure Amid AI Uncertainty
- Decline in Software Assets: Blue Owl's CEO Craig Packer reported that the share of software assets in the portfolio decreased from 19% to 16% in Q1, primarily due to borrower repayments, indicating a cautious stance towards the software sector amid AI uncertainties.
- Dividend Cut: OBDC reduced its dividend from 36 cents to 31 cents per share, reflecting a conservative financial strategy in light of a 2.7% decline in overall asset value to $14.41 per share, as the company navigates market volatility.
- Weak Market Performance: Although Blue Owl's stock has begun to recover from lows in March and April, it remains down 30% year-to-date, highlighting investor concerns regarding the private credit sector, particularly in the context of high valuations.
- Stock Buybacks: OBDC and Blue Owl Technology Finance Corp repurchased a combined $85 million in stock during Q1, demonstrating the company's commitment to enhancing shareholder value, despite a 7.1% decline in its stock price this year.
See More
Blue Owl's Private Credit Fund OBDC to Remain "Very Cautious" in Software Investments, According to Fund President
- Cautious Approach: The private credit fund OBDC will continue to exercise caution in the software sector.
- Leadership Insight: The fund president emphasizes the importance of being "very cautious" in their investment strategies.
See More
BLUE OWL CAPITAL STOCK FALLS 3.2% IN PREMARKET TRADING FOLLOWING DIVIDEND CUT (UPDATED WITH CORRECT RIC AND EXPLANATION)
- Market Reaction: Blue Owl Capital shares fell by 3.2% in pre-market trading following the announcement of a dividend cut.
- Dividend Adjustment: The company clarified the reasons behind the decision to reduce the dividend, indicating a strategic financial move.
See More
BLUE OWL CAPITAL STOCK FALLS 3.2% IN PREMARKET TRADING FOLLOWING DIVIDEND CUTS BY TWO PRIVATE CREDIT FUNDS
Market Performance: Blue Owl Capital shares have decreased by 3.2% in pre-market trading.
Dividend Cuts: The decline follows the company's decision to cut dividends for two of its private credit funds.
See More
Blue Owl Capital Cuts Dividend Amid Rising Borrowing Costs
- Dividend Cut: Blue Owl Capital announced a reduction in its dividend from 0.36 cents to 0.31 cents per share, reflecting a decrease in net asset value per share in the first quarter, indicating financial pressure on the company.
- Decline in Asset Value: The company reported a decrease in net asset value per share in its first-quarter filing, primarily attributed to rising borrowing costs in debt markets, which could impact its future investment capacity and returns.
- Market Environment Impact: As borrowing costs rise, Blue Owl Capital may need to adjust its investment strategy to navigate the changing market landscape, ensuring long-term financial stability.
- Investor Confidence Challenge: The dividend cut may negatively affect investor confidence, particularly among those seeking stable income, potentially leading to stock price volatility and capital outflows.
See More
Blue Owl Capital Evaluates Sale of Asia Operations
- Potential Deal Size: Blue Owl Capital is evaluating the sale of its portfolio company Stack Infrastructure's Asia operations, with a potential deal exceeding $30 billion, which would significantly enhance the company's market position in infrastructure investments.
- Asset Divestment Options: Stack is exploring options for partial or full divestment of assets in key Asia-Pacific markets such as Australia, Japan, and Malaysia, a strategic choice that could impact its future business layout and competitive edge.
- Strong Market Demand: Although discussions are in the early stages, the robust appetite for data center assets in the Asia-Pacific region has attracted interest from other infrastructure-focused funds and industry players, potentially driving up Stack's asset value.
- Industry Dynamics Impact: Against the backdrop of active data center transactions, Blue Owl's potential deal aligns with recent market trends, especially as the private credit sector faces pressure, which could provide the company with new funding inflows and growth opportunities.
See More
Blue Owl Reduces Software Investment Exposure Amid AI Uncertainty
- Decline in Software Assets: Blue Owl's CEO Craig Packer reported that the share of software assets in the portfolio decreased from 19% to 16% in Q1, primarily due to borrower repayments, indicating a cautious stance towards the software sector amid AI uncertainties.
- Dividend Cut: OBDC reduced its dividend from 36 cents to 31 cents per share, reflecting a conservative financial strategy in light of a 2.7% decline in overall asset value to $14.41 per share, as the company navigates market volatility.
- Weak Market Performance: Although Blue Owl's stock has begun to recover from lows in March and April, it remains down 30% year-to-date, highlighting investor concerns regarding the private credit sector, particularly in the context of high valuations.
- Stock Buybacks: OBDC and Blue Owl Technology Finance Corp repurchased a combined $85 million in stock during Q1, demonstrating the company's commitment to enhancing shareholder value, despite a 7.1% decline in its stock price this year.
See More
Blue Owl's Private Credit Fund OBDC to Remain "Very Cautious" in Software Investments, According to Fund President
- Cautious Approach: The private credit fund OBDC will continue to exercise caution in the software sector.
- Leadership Insight: The fund president emphasizes the importance of being "very cautious" in their investment strategies.
See More
BLUE OWL CAPITAL STOCK FALLS 3.2% IN PREMARKET TRADING FOLLOWING DIVIDEND CUT (UPDATED WITH CORRECT RIC AND EXPLANATION)
- Market Reaction: Blue Owl Capital shares fell by 3.2% in pre-market trading following the announcement of a dividend cut.
- Dividend Adjustment: The company clarified the reasons behind the decision to reduce the dividend, indicating a strategic financial move.
See More
BLUE OWL CAPITAL STOCK FALLS 3.2% IN PREMARKET TRADING FOLLOWING DIVIDEND CUTS BY TWO PRIVATE CREDIT FUNDS
Market Performance: Blue Owl Capital shares have decreased by 3.2% in pre-market trading.
Dividend Cuts: The decline follows the company's decision to cut dividends for two of its private credit funds.
See More
Blue Owl Capital Cuts Dividend Amid Rising Borrowing Costs
- Dividend Cut: Blue Owl Capital announced a reduction in its dividend from 0.36 cents to 0.31 cents per share, reflecting a decrease in net asset value per share in the first quarter, indicating financial pressure on the company.
- Decline in Asset Value: The company reported a decrease in net asset value per share in its first-quarter filing, primarily attributed to rising borrowing costs in debt markets, which could impact its future investment capacity and returns.
- Market Environment Impact: As borrowing costs rise, Blue Owl Capital may need to adjust its investment strategy to navigate the changing market landscape, ensuring long-term financial stability.
- Investor Confidence Challenge: The dividend cut may negatively affect investor confidence, particularly among those seeking stable income, potentially leading to stock price volatility and capital outflows.
See More
