Forbes pursues SPAC talks amid new takeover interest -sources [FOX Business Network]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: FOX Business Network
NEW YORK - Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday. Forbes' owner is also fielding offers worth up to $700 million from bidders including a consortium led by tech investor Michael Moe and another offer from investment vehicle Borderless Services Inc, the sources said. Both of these bids would result in Forbes remaining a privately held company. A deal could result in Forbes' ownership changing hands seven years after Hong Kong-based investor group Integrated Whale Media Investments purchased 95% of the company. The remainder of Forbes is owned by the Forbes family. SPAC INSIDERS CAN MAKE MILLIONS EVEN WHEN THE COMPANY THEY TAKE PUBLIC STRUGGLES A proposed deal with a SPAC would take Forbes public on the U.S. stock market, enabling the existing owners to benefit from any share pric
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ARES
News
- Ares Management Co. (NYSE: ARES) had its price target raised by analysts at UBS Group AG from $156.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
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ARES
Earnings
- 2/8/24 - Miss
ARES
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/15/24 - Form 144
- ARES's page on the SEC website