Tag - fortress

 
 

FORTRESS

A Sogo department store in Yokohama. Fortress Investment Group, which has acquired Sogo & Seibu, plans to keep all 10 Sogo and Seibu department stores open for the time being, sources said.
BUSINESS / Companies
Sep 6, 2023
Fortress to maintain all Sogo and Seibu stores for now: sources
The U.S. investment firm now plans to spend a total of ¥60 billion, compared with at least ¥20 billion it initially considered.
Japan Times
BUSINESS / Companies
May 23, 2023
SoftBank sells Fortress stake to Mubadala and management team
Mubadala will own 70% of the equity in Fortress, while Fortress management will hold a 30% equity interest and a class of equity entitling it to appoint a majority of seats on the board.
Japan Times
BUSINESS / Companies
Nov 9, 2022
Fortress close to buying Japan’s Sogo & Seibu for over $1.4 billion
Discussions are in their final stage and an announcement could come as soon as Thursday, sources have said.
Japan Times
BUSINESS / Companies
Nov 2, 2021
Unable to tap its talents, SoftBank considers sale of Fortress Investment Group
The Japanese giant acquired the U.S. asset manager for $3 billion four years ago, but sources say SoftBank couldn't mesh the New York firm's operations with its own.
Japan Times
BUSINESS / Companies
Aug 16, 2019
SoftBank's Fortress emerges as white knight for hotel chain Unizo with $1.3 billion bid
Hotel chain Unizo Holdings said Friday it has received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, in a deal that will help it fend off a rare hostile takeover bid from travel agency H.I.S. Co.
BUSINESS
Mar 2, 2017
SEC freezes assets in SoftBank-Fortress insider-trading probe
The U.S. Securities and Exchange Commission said on Wednesday it froze the assets of certain traders in a suspected insider trading scheme involving more than $3.6 million in profits related to the takeover Fortress Investment Group by Japan's SoftBank Group Corp.
Japan Times
BUSINESS / Companies
Feb 15, 2017
SoftBank to buy Fortress Investment Group for $3.3 billion
SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the company's soon-to-be-established technology investment fund.
BUSINESS / Companies
Feb 14, 2014
Nomura profits big from Fortress sale
Nomura Holdings Inc., the nation's largest investment bank, said Friday it generated a ¥21 billion profit from selling its stake in U.S. asset manager Fortress Investment Group LLC.

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