- Fortress Investment Group (NYSE:FIG-OLD) launches a modified Dutch auction for up to $100M of company stock at prices between $4.25 and $4.75 each. The stock closed last night at $4.01. The tender expires on March 4.
- Shares have been cut in half over the past few months amid a tough period in general for P-E and particularly at Fortress, which shut down its poorly-performing global macro hedge fund.
- Source: Press Release
Fortress to buy back $100M of stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| FIG-OLD | - | - |
| Fortress Investment Group LLC | ||