Blue Owl Cancels Merger, Shares Surge

Blue Owl Cancels Fund Merger: Investor Concerns Lead to ReversalBlue Owl has decided to cancel the merger of two of its private credit funds, following significant investor concern and unease. The companys decision comes after careful consideration, with officials stating that the potential benefits did not outweigh the negative market impact. The termination of the merger means that OBDC Two will now allow investors to redeem their holdings in the first quarter of the new year. Blue Owl shares saw a positive reaction, jumping by two percent in premarket trading on Wednesday, reflecting investor relief and approval of the companys decision.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.