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Oaktree Capital Group LLC (OAK.N)

OAK.N on New York Stock Exchange

48.50USD
17 May 2019
Change (% chg)

$-0.58 (-1.18%)
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Latest Key Developments (Source: Significant Developments)

Gannett Confirms Receipt Of Letter Provided To MNG Enterprises From Oaktree In Connection With MNG's Proposal To Buy Co
Wednesday, 20 Mar 2019 07:43pm EDT 

March 20 (Reuters) - Gannett Co Inc ::GANNETT COMMENTS ON MNG ENTERPRISES, INC.'S CONTINUED FAILURE TO PRODUCE A FINANCING COMMITMENT.NO SHAREHOLDER ACTION REQUIRED AT THIS TIME.GANNETT - CONFIRMED RECEIPT OF LETTER PROVIDED TO MNG ENTERPRISES FROM OAKTREE CAPITAL IN CONNECTION WITH MNG'S UNSOLICITED PROPOSAL TO ACQUIRE CO.GANNETT - CO'S BOARD OF DIRECTORS IS CONFIDENT THAT GANNETT HAS SIGNIFICANT VALUE CREATION POTENTIAL IN CONTINUING TO EXECUTE COMPANY'S STRATEGY.LETTER FROM OAKTREE STRATEGIC CREDIT DOES NOT ALTER COMPANY'S ASSESSMENT OF MNG'S PROPOSAL.GANNETT CO - CO'S BOARD WOULD ENGAGE WITH ANY PARTY THAT MAKES BONA FIDE, CREDIBLE PROPOSAL THAT APPROPRIATELY VALUES CO AND IS CAPABLE OF BEING CLOSED.  Full Article

MNG Enterprises Receives Letter To Finance Proposal To Acquire Gannett For $12.00 Per Share
Wednesday, 20 Mar 2019 01:55pm EDT 

March 20 (Reuters) - MNG Enterprises Inc ::MNG ENTERPRISES RECEIVES HIGHLY CONFIDENT LETTER TO FINANCE PROPOSAL TO ACQUIRE GANNETT FOR $12.00 PER SHARE.OAKTREE "HIGHLY CONFIDENT" IN CO'S ABILITY TO ATTAIN DEBT FINANCING EQUAL TO NOT LESS THAN $1.725 BILLION REGARDING PROPOSED GANNETT DEAL.THE FINANCING WOULD BE SUFFICIENT TO REFINANCE EXISTING INDEBTEDNESS OF BOTH MNG AND GANNETT.FINANCING WOULD BE ENOUGH TO FULLY FINANCE $12.00/SHARE CASH PAYABLE TO GANNETT'S SHAREHOLDERS, AND PAY DEAL RELATED FEES.  Full Article

Oaktree Q4 Adjusted Earnings Per Share $0.43
Tuesday, 5 Feb 2019 08:30am EST 

Feb 5 (Reuters) - Oaktree Capital Group LLC ::OAKTREE ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2018 FINANCIAL RESULTS.Q4 REVENUE ROSE 91 PERCENT TO $594.2 MILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.43.Q4 EARNINGS PER SHARE ESTIMATE $0.32 -- REFINITIV IBES DATA.QTRLY GAAP NET INCOME ATTRIBUTABLE TO OAKTREE CAPITAL GROUP CLASS A UNITHOLDERS WAS $1.04 PER UNIT.QUARTER-END ASSETS UNDER MANAGEMENT WERE $119.6 BILLION, DOWN 3% FOR QUARTER AND DOWN 4% FOR FULL YEAR.QUARTER-END MANAGEMENT FEE-GENERATING AUM WERE $98.1 BILLION, DOWN 3% FOR QUARTER AND DOWN 6% FOR FULL YEAR.  Full Article

Oaktree Reports Q3 Adj EPS Of $0.78
Thursday, 25 Oct 2018 08:30am EDT 

Oct 25 (Reuters) - Oaktree Capital Group LLC ::OAKTREE ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 REVENUE ROSE 2.6 PERCENT TO $241.2 MILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.78.Q3 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S.ASSETS UNDER MANAGEMENT WERE $123.5 BILLION, UP 2% FOR QUARTER AND UP 1% OVER LAST 12 MONTHS.ADJUSTED REVENUES INCREASED $15.4 MILLION, OR 5.1%, TO $320.2 MILLION FOR Q3.  Full Article

Oaktree Capital Group, Llc Announces Pricing Of Public Offering Of Series B Preferred Units
Thursday, 2 Aug 2018 06:23pm EDT 

Oaktree Capital Group LLC ::OAKTREE CAPITAL GROUP, LLC ANNOUNCES PRICING OF PUBLIC OFFERING OF SERIES B PREFERRED UNITS.OAKTREE CAPITAL GROUP - PRICING OF A $235 MILLION OFFERING OF 9.4 MILLION OF ITS 6.550% SERIES B PREFERRED UNITS WITH A LIQUIDATION PREFERENCE OF $25.00/UNIT.  Full Article

Oaktree Q2 Revenue Fell 66.4 Percent To $213.3 Million
Thursday, 26 Jul 2018 08:30am EDT 

July 26 (Reuters) - Oaktree Capital Group LLC ::OAKTREE ANNOUNCES SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 REVENUE FELL 66.4 PERCENT TO $213.3 MILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.51.Q2 EARNINGS PER SHARE VIEW $0.55 -- THOMSON REUTERS I/B/E/S.  Full Article

Oaktree Capital Group Announces Pricing Of Public Offering Of Series A Preferred Units
Thursday, 10 May 2018 08:32pm EDT 

May 10 (Reuters) - Oaktree Capital Group LLC ::OAKTREE CAPITAL GROUP, LLC ANNOUNCES PRICING OF PUBLIC OFFERING OF SERIES A PREFERRED UNITS.PRICING OF $180 MILLION OFFERING OF 7.2 MILLION OF ITS 6.625% SERIES A PREFERRED UNITS AT $25.00 PER UNIT.  Full Article

Oaktree Capital to incur pre-tax charge of $23 mln in Q4
Thursday, 16 Nov 2017 10:32pm EST 

Nov 16 (Reuters) - Oaktree Capital Group LLC :OAKTREE ANNOUNCES DEFINITIVE AGREEMENT FOR $250 MILLION SENIOR NOTES OFFERING.OAKTREE CAPITAL - ‍REDEMPTION OF 2019 NOTES IS EXPECTED TO RESULT IN ONE-TIME, PRE-TAX CHARGE OF ABT $23 MILLION TO ADJUSTED NET INCOME IN Q4 OF 2017​.  Full Article

Oaktree announces $250 million offering of senior notes
Thursday, 9 Nov 2017 04:35pm EST 

Nov 9 (Reuters) - Oaktree Capital Group Llc :Oaktree announces $250 million offering of senior notes.Got commitments from certain investors to buy $250.0 million of 3.78% senior notes due 2032, to be issued by co's indirect unit.  Full Article

Oaktree announces Q3 adjusted earnings per share $0.67
Thursday, 26 Oct 2017 08:30am EDT 

Oct 26 (Reuters) - Oaktree Capital Group Llc :Oaktree announces third quarter 2017 financial results.Q3 revenue fell 19 percent to $235 million.Q3 adjusted earnings per share $0.67.Q3 earnings per share view $0.56 -- Thomson Reuters I/B/E/S.Oaktree Capital Group LLC - qtrly ‍GAAP net income per unit $0.71​.  Full Article

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Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Management in a roughly $4.8 billion deal, creating an alternative-asset manager that will challenge the likes of industry giant Blackstone Group.