- DigitalBridge ( NYSE: DBRG ) pared some gains, now up 4.5%, after activist Legion Partners discussed its stake and said it believes the digital infrastructure firm should consider a sale if it can't fix itself and increase its share price.
- Legion Chief Investment Officer Chris Kiper supports the current DigitalBridge ( DBRG ) leadership, though if the shares don't increase within the next year to 18 months, the company should consider selling itself, Kiper said at a Bloomberg Activism Forum on Tuesday.
- Kiper believes DigitalBridge ( DBRG ), formerly known as Colony Capital, could possibly triple in value over the next two years as the firm raises new funds, according to the report.
- Legion Partners owned 3.1 million shares of DigitalBridge ( DBRG ) as of the end of September.
- DigitalBridge ( DBRG ) reported Q3 results last month.
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DigitalBridge pares gains as activist Legion Partners discussed stake