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Fortress Investment Group LLC (FIG)

FIG on New York Consolidated

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28 Apr 2017
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Fortress explores sale of bond fund manager Logan Circle-sources

April 28 Fortress Investment Group LLC, the U.S. alternative asset manager to be acquired by Japan's SoftBank Group for $3.3 billion, is exploring divesting bond fund manager Logan Circle Partners, according to people familiar with the matter.

SEC freezes assets in SoftBank-Fortress insider trading probe

WASHINGTON 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 .

UPDATE 1-SEC freezes assets in SoftBank-Fortress insider trading probe

WASHINGTON, March 1 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 .

SEC freezes assets in SoftBank-Fortress insider trading probe

WASHINGTON, March 1 The Security and Exchanges Commission said on Wednesday it froze assets of traders using brokerage accounts in London and Singapore to obtain more than $3.6 million in possibly illegal profits before the announcement that SoftBank Group Corp agreed to acquire Fortress Investment Group.

BRIEF-Fortress Investment Group reports Q4 revenue of $438 million

* Fortress reports fourth quarter and year end 2016 results and announces dividend of $0.09 per share

SoftBank to buy Fortress Investment for $3.3 billion

TOKYO Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. | Video

UPDATE 5-SoftBank to buy Fortress Investment for $3.3 bln

* Fortress shareholders to receive $8.08 per share (Adds Evercore as financial adviser to Fortress)

BRIEF-Fortress Investment says will pay Softbank termination fee of $98.4 mln if merger breaks up

* Fortress Investment Group LLC - will pay Softbank a termination fee of $98.4 million if merger breaks up under certain circumstances

SoftBank's bet on Fortress is a smart acqui-hire

NEW YORK (Reuters Breakingviews) - Masayoshi Son is fond of his "crazy ideas." Splashing out $3.3 billion for Fortress Investment, an alternative-investment firm, is unexpected but not exactly crazy. SoftBank, the Japanese entrepreneur's tech and telecoms group, has big ambitions in investing, and the New York-based firm knows how to put money to work.

BRIEF-Softbank Group to acquire Fortress Investment Group for $3.3 bln

* Softbank Group to acquire fortress investment group for $3.3 billion

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