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Rithm Capital to Acquire Crestline

1. Rithm Capital to acquire Crestline Management, enhancing its asset management strategy. 2. Crestline manages $17 billion, bolstering Rithm's diversification and growth potential.

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+0.93%Current Return
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+0.28%S&P 500
$12.3509/04 06:51 AM EDTEvent Start
$12.46509/04 11:13 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition expands Rithm's assets and market presence significantly, reflecting positive growth potential. Historical outcomes show similar acquisitions typically lead to stock price increases.

How important is it?

The significance of acquiring a firm with $17 billion under management indicates strong strategic alignment and potential for increased revenue and market share.

Why Long Term?

The acquisition aims for sustainable growth, which will take time to fully materialize. Previous similar strategies have shown significant gains over several quarters following completion.

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BXKKRAPO
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (“Rithm”), a global alternative asset manager, today announced that it has entered into a definitive agreement to acquire Crestline Management, L.P. (“Crestline”), an alternative investment manager with approximately $17 billion in assets under management. This acquisition underscores Rithm's long term strategy to build a global, diversified asset management platform focused on delivering alpha for investors and value for shareholders. It meaningfu.

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