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Stock impact report

Blue Owl (OWL) Refuses Tender Offer, Citing Valuation Discount [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
Blue Owl Capital Inc. (NYSE: OWL ) is among the 10 best non-tech stocks to buy and hold for 5 years . On March 6, Blue Owl Capital Inc. (NYSE:OWL) said that its unit, Blue Owl Capital Corporation II, received an unsolicited tender offer from Cox Capital Partners and Saba Capital Management for up to 8 million shares, representing less than 7% of the outstanding shares. Cox and Saba offered to purchase the shares at $3.80 each, or a total of $30.4 million. Blue Owl Capital Inc. (NYSE:OWL) rejected the offer, noting that the price set by Cox and Saba represents a discount of over 30% to net asset value. The company also announced shareholders are expected to receive payments equal to 50% or more of net assets in 2026. This includes a 30% return of capital distribution at net asset value, payable on or before March 31. All shareholders of record as of March 24 will receive a cash distribution of $2.50 per share. Blue Owl (OWL) Refuses Tender Offer, Citing Valuation Discount yousse Show less Read more
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