Ares Management ( (ARES) ) has provided an announcement.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ares Management Corporation is set to significantly bolster its global real estate platform by acquiring GLP Capital Partners Limited’s international business, GCP International, in a $3.7 billion deal. The transaction, composed of cash and equity, will nearly double Ares’ assets under management to approximately $96 billion and expand its reach in the industrial real estate and digital infrastructure sectors. The strategic move promises alignment with fund clients and Ares stockholders through long-term retention incentives and is expected to be accretive to earnings per share in the following year. Pending regulatory approvals, the acquisition is anticipated to close in the first half of 2025.
See more data about ARES stock on TipRanks’ Stock Analysis page.
