DigitalBridge and IFM Investors Complete $11 Billion Take-Private of Switch
DigitalBridge Group, Inc. (DBRG)
Company Research
Source: Business Wire
BOCA RATON, Fla. & MELBOURNE, Australia & LAS VEGAS--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) and IFM Investors today announced they have completed their previously announced transaction in which funds affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. (“Switch”) for $34.25 per share in cash, or approximately $11 billion, including the repayment of outstanding debt.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221205005869/en/“We are excited to embark on the next chapter of Switch’s evolution in partnership with DigitalBridge and IFM Investors, two leading digital infrastructure investment firms,” said Rob Roy, Founder and Chief Executive Officer of Switch. “With their strategic expertise and financial resources, Switch is ideally positioned to meet growing customer demand for the w
Show less
Read more
Impact Snapshot
Event Time:
DBRG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DBRG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DBRG alerts
High impacting DigitalBridge Group, Inc. news events
Weekly update
A roundup of the hottest topics
DBRG
News
- DigitalBridge Announces Exchanges and Redemption of 2025 Exchangeable Senior NotesBusiness Wire
- Swiss Life Asset Managers Completes Investment in Telecom Infrastructure Partners Joining InfraBridge as a Key ShareholderBusiness Wire
- DigitalBridge Group, Inc. (NYSE: DBRG) had its price target raised by analysts at Truist Financial Co. from $20.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- DigitalBridge Announces First Quarter 2024 Earnings Release and Conference Call DateBusiness Wire
- ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridgeBusiness Wire
DBRG
Earnings
- 2/21/24 - Beat
DBRG
Sec Filings
- 4/22/24 - Form 8-K
- 4/22/24 - Form 424B7
- 4/10/24 - Form DEFA14A
- DBRG's page on the SEC website