Wire
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%
$DBRG
