Digital Bridge Share Surge Amid M&A Activity

17 days ago

"Oh, for sure. And what is today's Monday, right? So, we could say M&A Monday perhaps. Looking at shares of Digital Bridge. This is actually a company I had to look into. This is ticker DBRG. Uh it's about $2.7 billion in market cap. We're seeing shares surging as much as 10% for double digit gains. This is the highest level we've seen for the company since October of last year. This is after SoftBank Group agreed to pay for um the company. Here we are seeing that Raymond Jane's analysts are saying that they called the valuation quote unquote underwhelming for this deal. But you are clearly seeing the street taking a liking to this at least if you look at the share performance for this company in particular. Shares up about 9.7 right now. But on a year-to-date basis we've seen the stock gain about 35%."

The speaker discusses Digital Bridge (DBRG) amid an active M&A environment, noting that the company's shares are surging up to 10%—a high not seen since last October—following SoftBank Group's involvement. While some analysts describe the valuation as 'underwhelming,' the market's strong reaction, with a nearly 10% intraday rise and a 35% year-to-date gain, underscores the positive sentiment.

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