Ares Management Corporation (NYSE: ARES) and Front Yard Residential (RESI) acquisition information, including expected completion date and offer price, is displayed in the merger details table below.
This deal was successfully consummated on January 12, 2021
Acquisition Details | Value |
---|---|
Acquisition Target Stock Name | Front Yard Residential |
Acquisition Target Stock Ticker | RESI |
Acquirer Stock Name & Ticker | Ares Management Corporation (ARES) |
Initial Announcement Date | October 19, 2020 |
Target Attitude | FRIENDLY TAKEOVER |
Expected Completion Date | Q1, 2021 |
Deal Value | $2.4bn |
Offer Price | $13.50, $16.25 (revised) |
Payment Method | All Cash Deal |
Initial Press Release | PR Newswire |
Revised Press Release | Investor Relations |
Investor Relations | https://ir.frontyardresidential.com/ |
Actual Completion Date | January 12, 2021 |
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The major Ares Management Corporation (NYSE: ARES) and Front Yard Residential (RESI) buyout news updates & events are listed below. An invaluable data source for traders & investors looking to familiarize themselves with the Amherst Residential takeover of Front Yard Residential (RESI) and trade the risk arbitrage spread. Following the acquisition news and events section, there are in-depth company profiles.
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Front Yard Residential (NASDAQ: RESI) Merger - Acquisition News and Events
Front Yard Residential Corporation Company Profile
RESI is an industry leader in providing quality, affordable rental homes to America’s families. Our homes offer exceptional value in a variety of suburban communities that have easy accessibility to metropolitan areas. Tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices. Our mission is to provide our tenants with houses they are proud to call home.
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