Blue Owl Capital Expands with Strategic Acquisition
Company Announcements

Blue Owl Capital Expands with Strategic Acquisition

The latest update is out from Blue Owl Capital (OWL).

Blue Owl Capital Inc. completed its acquisition of Kuvare Insurance Services, issuing over 23.5 million shares valued at $425 million based on recent average prices. The shares are subject to a six-month lock-up period, with the company also agreeing to register these for resale under securities law. Alongside the acquisition news, Blue Owl highlighted forward-looking statements, emphasizing that actual results could differ due to various risks and uncertainties, including the timely closing of the acquisition and the realization of its anticipated benefits.

For an in-depth examination of OWL stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyBlue Owl Capital price target raised to $24 from $23 at Deutsche Bank
TheFlyBlue Owl Capital price target raised to $25 from $23 at Piper Sandler
TipRanks Auto-Generated NewsdeskBlue Owl Capital Reports Strong Q3 2024 Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App