Colony Capital Reaches Cooperation Agreement with Blackwells Capital
Colony Capital Inc. (Colony Capital or the Company) (NYSE: CLNY) today announced that it has reached a cooperation agreement with Blackwells Capital (Blackwells), which owns approximately 2% of the Companys outstanding common stock.
- Colony Capital Inc. (Colony Capital or the Company) (NYSE: CLNY) today announced that it has reached a cooperation agreement with Blackwells Capital (Blackwells), which owns approximately 2% of the Companys outstanding common stock.
- Colony Capital and Blackwells have also agreed to enter into a joint venture to acquire Colony Capital common stock on the open market.
- Colony Capital will serve as the Managing Member of the joint venture and Blackwells will retain customary minority protections.
- The complete agreement between Colony Capital and Blackwells, including more information regarding the joint venture, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.