NYSE:OWLCapital Markets
Low Tender Uptake Prompts Fresh Look At Blue Owl Capital Valuation
Saba Capital Management and Cox Capital Partners launched a tender offer for Blue Owl Capital Corp. II shares at a discount.
Less than 1% of eligible investors chose to tender their shares into the offer.
The low uptake suggests existing holders were reluctant to sell at the proposed discount to net asset value.
Blue Owl Capital (NYSE:OWL) focuses on alternative asset management, with a significant presence in private credit. The quiet response to the discounted tender offer for Blue Owl...