DIGITALBRIDGE RED.PREF. H Aktie

DigitalBridge is voluntarily withdrawing preferred share series H, I and J from the NYSE as the company becomes an indirect subsidiary of SoftBank through a merger with a SoftBank unit. Affected are the 7.125% series H, the 7.15% series I and the 7.125% series J. DigitalBridge does not plan to re‑list the preferred shares and says that, after the merger closes, holders will have the right to convert their preferred shares into cash within 20 to 35 days after notice; all other terms remain unchanged. » Altro su de.investing.com

Digitalbridge shares rose to a new 52-week high of $15.65, posting a one-year gain of 79.1% and a six-month return of about 43%. Market capitalization is approximately $2.94 billion. An analysis by InvestingPro currently rates the stock as overvalued compared with its fair-value estimate. » Altro su de.investing.com

RBC Capital cut DigitalBridge to Sector Perform from Outperform and lowered its price target to $16 from $23 after SoftBank revealed an all-cash offer of $16 per share valuing the company at about $4 billion. B. Riley and TD Cowen also moved the stock to neutral-equivalent ratings following the takeover announcement. » Altro su finance.yahoo.com