Final Results of Fortress Self-Tender Offer Announced

March 17, 2016

On March 10, 2016, Fortress Investment Group LLC announced the final results of its modified “Dutch auction” self-tender offer.

The “Dutch auction” self-tender offer expired at 11:59pm EST on March 4, 2016.  Fortress Investment Group LLC (“Fortress”) had accepted for purchase 4,798,863, or approximately 2.17%, of its issued and outstanding Class A shares at a purchase price of $4.75 per share.  The self-tender offer’s total cost was approximately $22.8 million, not including fees and expenses.  To fund the repurchase of Class A shares in the self-tender offer, Fortress will use a portion of its cash and cash equivalents on hand.  American Stock Transfer & Trust Company, LLC is serving as depository for the self-tender offer.

Fortress is a global investment firm with $70.5 billion in assets under management as of December 31, 2015.  Fortress is publically traded on the New York Stock Exchange (NYSE: FIG).

To read the press release: please click here.


Investment Manager Financings, Transactions