DigitalBridge Group, Inc. to be Sold to SoftBank Group Corp. for $16 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of DigitalBridge Group, Inc. 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 evaluating whether this compensation is adequate, which could impact shareholder acceptance and future investment decisions.
- Legal Consultation Opportunity: KSF is providing no-obligation legal consultations, encouraging shareholders who believe the deal undervalues the company to reach out, potentially leading to increased legal challenges against the transaction.
- Market Reaction Potential: If the investigation reveals unfairness in the deal, it may lead to heightened opposition from shareholders, thereby affecting DigitalBridge's market performance and future stock price.
DBRG
$15.26+Infinity%1D
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 17.50 USD with a low forecast of 12.50 USD and a high forecast of 20.00 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.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.920
Low
12.50
Averages
17.50
High
20.00
Current: 13.920
Low
12.50
Averages
17.50
High
20.00
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.
