NorthStar Asset Management Group, its former parent NorthStar Realty Finance, and Colony Capital agreed to combine into
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NorthStar Asset Management Group, its former parent NorthStar Realty Finance, and Colony Capital agreed to combine into a single real estate investment company. The combined company, with roughly $58 billion in assets, would be named Colony NorthStar. “We are confident that Colony NorthStar, with its lower leverage, larger balance sheet, and improved liquidity profile, is poised for meaningful multiple expansion and substantially enhanced long-term returns for shareholders,” said David Hamamoto, executive chairman of NorthStar Asset Management.
The following a merger or an acquisition (see Figure 31.5)?
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Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
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