Running a company right now is one of the most courageous things that a businessperson can do. Imagine the risk that entrepreneur is putting. Consider the ruin, the capital and the reputation he is putting on the line. This is something that’s also done backstage without anyone noticing. Also, imagine the number of jobs being provided because of the hard work of entrepreneur. Compare that to those who start non-profit groups, risk other people’s money and earn all the benefits. On that note, one of the companies that show acts of courage these days is Fortress Investment Group, and with the new acquisition of the company by Softbank, there’s still a lot of excitement in where the future of the company would go.
The Acquisition Scenario
We can read from BusinessWire the report that SoftBank Group Corp. is now growing into something that would dictate how the world will see the revolutionary ways of trading. Softbank’s acquisition of Fortress Investment Group is a brave move, considering the deal went to about $3.3 billion in cash. This deal was also wholly-owned by the company as well as its subsidiaries, which include the shares from Fortress. We should indicate here that the Fortress shareholders today have already shown high approval to the acquisition, and they are all now excited to the new challenges, projects, and innovation that they can come up to better serve the society in general.
Because of such conversion, what is happening now is that each outstanding Fortress Class A share for every shareholder will have been converted. There’s a $8.08/share in the agreement, and the merger proceeds would then be distributed all in accordance to an agreement procedure that has been elaborately explained in the Fortress Definitive Proxy, which was written on June 7, 2017. That said, the company has been in a pickle during the transition because of the necessary paperwork and all the other tasks needed to be done to make sure that the operations of the company go smoothly.
The Services Offered By Fortress Investment Group
Just to get an idea of the kind of services offered by Fortress Investment Group, we should write here that the company is responsible for the management of the assets of various individual shareholders and institutional clients. These investors are involved in a variety of asset ranges, which include credit, real estate, private equity and permanent capital. The investment strategies from Fortress Investment have all been in practice since the company was founded in 1998.
With the new partnership or merger with SoftBank Group, we can expect that the culture and strategies of the company would still be in the foundation of the new company. The continued passion of the workforce that was known to be a trademark of Fortress would then define Softbank’s core vision in bringing into the world the level of expertise it needs to not only survive but to excel. Without such merger, we would not be able to see new, thriving and arresting company willing to try bold investment strategies for the benefit of clients.
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