Ares Management Corporation and Sumitomo Mitsui Banking Corporation Announce Strategic Agreement and Equity Transaction
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Business Wire
Ares and SMBC Announce Their Intention to Collaborate on Future Business Opportunities to Enhance Value to Their Clients and Accelerate GrowthSMBC Invests $384 Million in Ares Management Corporation Class A Common Stock LOS ANGELES & TOKYO--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation (hereinafter referred as “SMBC,” together, the two are hereinafter referred to as “SMBC Group”) announced today that they have reached a strategic agreement to collaborate on future business opportunities. As part of this agreement, SMBC will make a $384 million equity investment in the publicly traded shares of Class A common stock of Ares.Together, Ares and SMBC Group plan to collaborate across three highly-accretive growth areas. These initiatives are expected to strengthen the existing businesses of Ares and SMBC Group and enhance each firm’s ability to support its clients’ needs on a global basis
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ARES
News
- Ares Management Co. (NYSE: ARES) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $202.00 price target on the stock, up previously from $166.00.MarketBeat
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ARES
Earnings
- 11/1/24 - Miss
ARES
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- 12/10/24 - Form 4
- ARES's page on the SEC website