Upcoming AWS Coverage on Voya Financial Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 17, 2017 / Active Wall St. blog coverage looks at the headline from Fortress Investment Group LLC (NYSE: FIG) as both Companies announced Softbank Group Corporation and Fortress Investment Group collectively announced on February 14, 2017, that they have entered into a definitive agreement pursuant to which Softbank will acquire Fortress for approximately $3.3 billion in an all-cash transaction. The offer includes an all-cash payment of $8.08 per class-A share for Fortress, representing a premium of 38.6% to the stock's closing price on February 13, 2017. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Fortress Investment Group's competitors within the Asset Management space, Voya Financial, Inc. (NYSE: VOYA), reported on February 08, 2017, its financial results for Q4 and full-year 2016. AWS will be initiating a research report on Voya Financial in the coming days.

Today, AWS is promoting its blog coverage on FIG; touching on VOYA. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

Breaking down the Agreement

Japan-based Softbank views expansion through a definitive business strategy and investment portfolio. The takeover is set to create new growth opportunities for Fortress, which is now part of one of the most well-connected and creative technology investors. Fortress, founded in 1998, has managed and observed $70.1 billion in credit assets, private equity holdings, hedge funds, and fixed-income investments as of September 30, 2016. Fortress holds a unique portfolio of investment expertise across a wide range of industries. Listed vehicles, the Company focuses are real estate, transport, and media sectors. Masayoshi Son, the founder of Softbank, views this agreement as an opportunity to boost its Vision fund venture.

The Vision Fund

The Vision Fund, announced on October 14, 2016, owing to investment prospects in the technology sector across the globe. Softbank plans to establish the Company as the biggest investor in the technology sector, by the decade. Softbank plans to close the first round of investment in the Vision Fund by the end of February. Softbank has announced to contribute $25 billion, Saudi investors will contribute $45 billion, while Apple Inc. (NASDAQ: AAPL), Qualcomm Inc. (NASDAQ: QCOM), and Oracle Corporation (NYSE: ORCL) will be investing $1 billion each, as per speculations. The proposed acquisition of Fortress will act as a group expansion opportunity, eventually accretive to the growth of Vision Fund.

Company Prospects

Masayoshi Son owes the collaboration to Fortress's excellent track record and world-class investment platform. The opportunities, according to Son, will help strengthen Vision Fund platform and will accelerate the Softbank 2.0 transformation strategy to drive sustainable long-term growth. Fortress, in the recent years, has expanded in segments such as senior housing and infrastructure which are attracting heavy demand from institutional investors. These expansion opportunities would have been the primary reason behind the acquisition to offer stable expansion opportunities to Softbank for over $3 billion investment.

Softbank has recently shifted its focus towards inorganic expansion, to promote its long-term Vision Fund and transfer the Japanese telecom operator into a diversified investment Company. Since 2015, Softbank has announced at least $44 billion of investments and acquisitions, including the $31 billion agreement to acquire UK chip designer ARM Holdings Plc on September 05, 2016, and $1.2 billion group-led investment in satellite start-up OneWeb Ltd. Softbank has additionally aimed to enhance its technical portfolio where it formed a joint venture with Alibaba Group Holding Limited (NYSE: BABA), named SB Cloud Corporation to offer packaged Alibaba Cloud Services on December 15, 2016.

Stock Performance

On Thursday, February 16, 2017, the stock closed the trading session at $7.97, slightly declining 0.25% from its previous closing price of $7.99. A total volume of 36.70 million shares have exchanged hands, which was higher than the 3-month average volume of 3.40 million shares. Fortress Investment Group's stock price rallied 55.06% in the last three months, 58.40% in the past six months, and 107.55% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 63.99%. The stock is trading at a PE ratio of 37.59 and has a dividend yield of 4.52%.

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SOURCE: Active Wall Street