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FINWIRES

DigitalBridge Gets Stockholder Approval for Acquisition by SoftBank Group

-- DigitalBridge Group (DBRG) said Thursday its stockholders voted to approve the acquisition of the company by SoftBank Group at a virtual special meeting of stockholders.

As per the acquisition agreement, DigitalBridge stockholders will receive $16 per share in cash upon transaction close, the company said.

Approximately 96% of the votes cast favored the acquisition, satisfying the requirement for approval by a majority of shareholders, the company said.

The transaction is expected to close in the second half, subject to customary closing conditions and regulatory approvals, according to a statement.

Price: $15.62, Change: $+0.01, Percent Change: +0.03%

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