Fortress nets $257M from Brookdale share sale (Dealscape

Fortress Investment Group LLC will earn about $257 million offloading just more than one-fourth of its stake in Brookdale Senior Living Inc., the Brentwood, Tenn., retirement center operator said.

The New York private equity and hedge fund manager is selling 16.55 million of the 60.88 million Brookdale shares it owns at a price of $15.52 a share after underwriting fees. The sale will cut Fortress' ownership interest from 51% to 37%.

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39 in-depth transaction records for Fortress Investment Group LLC
23 articles related to Brookdale Senior Living Inc.
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NOT A SUBSCRIBER? Fortress nets $257M from Brookdale share sale Posted on November 10, 2009 10:00 PM Fortress Investment Group LLC will earn about $257 million offloading just more than one-fourth of its stake in Brookdale Senior Living Inc., the Brentwood, Tenn., retirement center operator said. The New York private equity and hedge fund manager is selling 16.55 million of the 60.88 million Brookdale shares it owns at a price of $15.52 a share after underwriting fees. The sale will cut Fortress' ownership interest from 51% to 37%. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 109 in-depth reports of PE deals in the Services sector 60 companny pages related to Retirement 39 in-depth transaction records for Fortress Investment Group LLC 23 articles related to Brookdale Senior Living Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Nortel Networks Lazard Terra Firma Capital Partners Permira Adler & Co. Antitrust Bankruptcy and rights offerings Birds Eye Foods Inc. Shearman & Sterling LLP Skadden Arps		EXISTING USERS Username Password Forget your password? Missing a product?

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