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Meaning and blackstone group compete? Asset management, bo announced acquired 62% oak maple

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Meaning and blackstone group compete? Asset management, bo announced acquired 62% oak maple
Bo maple Asset Management companies (Brookfield Asset Management Inc) said on Wednesday that the company has with the oak Asset Management companies (Oaktree Capital Group) signed an agreement to buy the 62% stake. Bo maple will pay in accordance with the stipulations of the agreement oak shareholders $49 per share in cash, or 1.077 bo maple class A shares, cash payment and stock payment will be half. Maple company said in a statement, the acquisition value of about $4.8 billion, 12% higher per share offer oak stock's closing price on Tuesday. Media analysis, bo maple move intended to challenge the asset management industry giant Blackstone Group (Blackstone Group). Bo maple, runs more than $3500 in assets, business covers real estate, infrastructure, individual securities and renewable energy; And the oak tree is famous for its impairment assets investment in the industry, the debt...
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