DigitalBridge Group, Inc. to be Sold to SoftBank for $16 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Investigation Launched: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of DigitalBridge Group to SoftBank for $16 per share, aiming to assess whether this deal undervalues the company.
- Shareholder Rights Concern: The transaction offers DigitalBridge shareholders $16 in cash per share, and KSF is reviewing whether this compensation is adequate, which could impact shareholder acceptance and future investment decisions.
- Legal Consultation Offered: KSF is providing no-obligation legal consultations, encouraging shareholders who believe the deal undervalues the company to reach out, highlighting the importance of shareholder rights and the need for legal support.
- Market Reaction Anticipated: Due to the potential undervaluation of the deal, the market may react negatively to DigitalBridge Group's stock price, affecting investor confidence and possibly leading to shareholder opposition to the transaction.
Analyst Views on DBRG
Wall Street analysts forecast DBRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DBRG is 16.00 USD with a low forecast of 16.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
6 Hold
0 Sell
Hold
Current: 15.370
Low
16.00
Averages
16.00
High
16.00
Current: 15.370
Low
16.00
Averages
16.00
High
16.00
About DBRG
DigitalBridge Group, Inc. is a global investment manager in digital infrastructure, deploying and managing capital across the digital ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure. Its investment management platform is anchored by its value-added funds within the DigitalBridge Partners (DBP) infrastructure equity series. Its investment offerings also include core equity, credit and liquid securities. The DBP series of funds focuses on value-added digital infrastructure, investing in and building businesses across the digital infrastructure sector. Core Equity invests in digital infrastructure businesses and assets with long-duration cash flow profiles, primarily in more developed geographies, through its Strategic Assets Fund (SAF). DigitalBridge Credit is a private credit strategy that delivers credit solutions to corporate borrowers in the digital infrastructure sector globally through credit financing products.
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.
