Wells Fargo thinks DigitalBridge (DBRG) should have been valued $2-$4 per share higher than the $16 takeout price paid by SoftBank (SFTBY). However, Wells expects the deal to close as it doubts any competing bids will emerge. “If no other attractive offers are out there, we can understand DBRG’s rationale for accepting the $16 bid, even if it feels a little light to us,” the analyst tells investors in a research note. Wells has an Overweight rating on DigitalBridge with a $16 price target
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