- PR Newswire•yesterdayWEISSLAW LLP: Fortress Investment Group LLC Acquisition May Not Be in the Best Interests of FIG Shareholders
NEW YORK, Feb. 21, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Fortress Investment Group LLC (FIG) ("FIG" or the "Company") in connection with the proposed acquisition of the Company by SoftBank Group Corp. ("SoftBank") for $3.3 billion. Under the terms of the agreement, the Company's shareholders will receive $8.08 in cash for each FIG share they own. WeissLaw is investigating whether FIG's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company recently announced positive financial results. It reported revenues of $261 million in the third quarter of 2016, representing an increase of $29 million or 12.5% when compared to the $232 million reported in the previous period. Additionally, the transaction is a strategic acquisition that heavily favors SoftBank and at the expense of FIG and its shareholders. According to the Wall Street Journal, "[t]he deal will make SoftBank one of the biggest alternative asset managers in the world.
- Financial Times•2 days ago
Spare a thought for Mike Novogratz. Mr. Novogratz was a hotshot macro trader at Fortress Investment Group for more than a decade, before an unceremonious departure in late 2015 after heavy losses in his ...
- Investopedia•6 days ago
With an eye toward U.S. investments, Japan's SoftBank is snapping up Fortress Investment Group.
FIG : Summary for Fortress Investment Group LLC C - Yahoo Finance
Fortress Investment Group LLC (FIG)
NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
|Day's Range||7.98 - 7.99|
|52 Week Range||4.23 - 8.05|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||40.15|
|Dividend & Yield||0.36 (4.51%)|
|1y Target Est||N/A|