Blue Owl Capital’s Strategic Merger for Enhanced Value

Blue Owl Capital Corporation III (OBDE) has provided an update.

Blue Owl Capital Corporation III (OBDE) and Blue Owl Capital Corporation (OBDC) have announced an Agreement and Plan of Merger, with the intention to merge OBDE into OBDC, creating a single entity. The merger is structured in two steps: OBDE will first merge into a subsidiary of OBDC and then into OBDC itself. Shareholders of OBDE will receive OBDC stock based on a determined exchange ratio, and the merger aims to be classified as a “reorganization” for tax purposes. This strategic move is subject to shareholder and regulatory approvals, with the objective to streamline operations and enhance value, expected to be completed in the first quarter of 2025.

For detailed information about OBDE stock, go to TipRanks’ Stock Analysis page.