DigitalBridge Plans to Delist Preferred Shares Ahead of SoftBank Acquisition
DigitalBridge Group has announced plans to delist its Series H, I, and J preferred shares from the New York Stock Exchange as it progresses toward an acquisition by a subsidiary of SoftBank Group. The move is part of routine administrative steps ahead of the deal's completion. The company expects this action to streamline operations in preparation for being acquired. Preferred share delistings are common during major corporate transactions and typically signal that regulatory or procedural hurdles have been cleared, bringing the transaction closer to finalization.
Topics: acquisition delisting