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Fly News Breaks for March 14, 2019
BAM, OAK
Mar 14, 2019 | 07:52 EDT
Wells Fargo analyst Christopher Harris raised his price target for Oaktree Capital (OAK) to $49 form $44 after the company and Brookfield Asset Management (BAM) announced an agreement for Brookfield to acquire 62% of the Oaktree business. Upon completion of the $4.7B transaction, which is expected to close in Q3, Oaktree Capital would no longer be publicly traded. Harris reiterates a Market Perform rating on Oaktree Capital's shares.
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