DigitalBridge to Take JTOWER Private, Acquires Majority Stake
DigitalBridge Group, Inc. (DBRG)
Company Research
Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a leading global digital infrastructure investment firm, announced today the successful completion of a tender offer for the common shares and the stock acquisition rights of JTOWER Inc. (“JTOWER”; TSE: 4485), an industry leader in the rapidly expanding Japanese digital infrastructure market. The tender offer, which commenced on August 15, 2024 and concluded on October 10, 2024, was conducted through DB Pyramid Holdings, LLC (the “Offeror”), a special purpose entity owned by funds managed by DigitalBridge’s investment management platform. The Offeror has acquired a 75.62% controlling interest in JTOWER for JPY 70.1 billion, marking a significant milestone in DigitalBridge's expansion into the Japanese digital infrastructure market. DigitalBridge plans to take JTOWER private, which will make the Offeror and Cultive, an asset management company of JTOWER’s Representative Director Atsushi Tan
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News
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- DigitalBridge Group, Inc. (NYSE: DBRG) was downgraded by analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating. They now have a $14.00 price target on the stock, down previously from $17.75.MarketBeat
- DigitalBridge Group, Inc. (NYSE: DBRG) had its price target lowered by analysts at Raymond James from $19.00 to $16.00. They now have a "strong-buy" rating on the stock.MarketBeat
DBRG
Earnings
- 11/1/24 - Miss
DBRG
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 13F-HR
- 11/12/24 - Form SC
- DBRG's page on the SEC website