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Blue Owl Capital ( (OBDC) ) just unveiled an update.
Blue Owl Capital Corporation and Blue Owl Capital Corporation III have announced that leading independent proxy advisory firms ISS and Glass Lewis recommend shareholders vote in favor of their pending merger. The merger, which is expected to enhance scale and diversification, would result in the second-largest publicly traded business development company by total assets, potentially improving trading dynamics and achieving long-term expense savings. The companies emphasize the importance of shareholder voting ahead of upcoming meetings.
More about Blue Owl Capital
Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) are specialty finance companies focused on lending to U.S. middle-market companies. As of September 30, 2024, OBDC had investments in 219 portfolio companies with an aggregate fair value of $13.4 billion, while OBDE had investments in 185 portfolio companies with an aggregate fair value of $4.2 billion. Both companies are regulated as business development companies under the Investment Company Act of 1940 and are part of Blue Owl’s Credit platform.
YTD Price Performance: 0.0%
Average Trading Volume: 1,819,621
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.96B
For a thorough assessment of OBDC stock, go to TipRanks’ Stock Analysis page.
