{"id":56613,"date":"2017-02-16T09:30:37","date_gmt":"2017-02-16T14:30:37","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56613"},"modified":"2017-02-16T08:51:50","modified_gmt":"2017-02-16T13:51:50","slug":"fortress-executives-to-cash-in-1-39bn-from-softbank-sale","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2017\/fortress-executives-to-cash-in-1-39bn-from-softbank-sale.html","title":{"rendered":"Fortress Executives to Cash in $1.39bn from SoftBank Sale"},"content":{"rendered":"<p>(Bloomberg) The three leaders of Fortress Investment Group LLC will reap a combined $1.39 billion from the sale of the alternative-asset manager to SoftBank Group Corp. Co-Chairmen Pete Briger and Wes Edens own stakes worth $510 million and $511 million, respectively, at the $8.08 per-share offer price announced Tuesday, based on ownership disclosed in the company\u2019s most recent proxy statement. Chief Executive Officer Randy Nardone\u2019s Class A shares were valued at $371 million.<\/p>\n<p>The trio have agreed to remain in charge of the business and invest half of their after-tax proceeds from the sale in the company\u2019s funds, according to a statement.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-02-15\/fortress-executives-to-cash-in-1-39-billion-from-softbank-sale\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The three leaders of Fortress Investment Group LLC will reap a combined $1.39 billion from the sale of the alternative-asset manager to SoftBank Group Corp. Co-Chairmen Pete Briger and Wes Edens own stakes worth $510 million and $511 million, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56613","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56613"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56613\/revisions"}],"predecessor-version":[{"id":56614,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56613\/revisions\/56614"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}