Dec
27
Colony-NorthStar Merger Wins Stockholder Approval
ByThe companies expect to close the merger next month.
Thomas Barrack Jr., executive chairman of Colony
Los Angeles and New York—Following the early June announcement that the three companies would merge, the shareholders of Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. have voted to approve the merger, the companies revealed last week.
Reportedly the largest CRE merger of 2016, the transaction will create Colony NorthStar Inc., an equity REIT and global alternative investment manager with $58 billion in assets under management. The new company will trade on the NYSE under symbol “CLNS.”…
