Fortress Investment Group LLC stock price today and history
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Fortress Investment Group LLC stock price
Fortress Investment Group LLC latest news:
Metlife to buy Fortress Investment's unit for $250 million
MetLife Inc. said Friday it has agreed to buy Logan Circle Partners LP, Fortress Investment Group's fixed-income asset management business, for $250 million in cash. The deal is aligned with MetLife's strategy of delivering value "by focusing on businesses with strong risk-adjusted internal rates of returns, low capital intensity and sustainable cash flows," MetLife Chief Executive Steven A. Kandarian said in a statement. The acquisition is expected to close in the third quarter. Shares of MetLife were unchanged in late trading after ending the regular session up 0.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.