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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:28 EDTARCCAres Capital downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Ares Capital citing valuation and keeps an $18 price target for shares.
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August 4, 2015
07:34 EDTARCCUBS to hold a symposium
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July 23, 2015
18:45 EDTARCCAres Management and Kayne Anderson to merge into Ares Kayne Management
Ares Management (ARES) and Kayne Anderson (KYN) have entered into a definitive merger agreement to create Ares Kayne Management, L.P., with a combined $113B of AUM as of March 31. Under the terms of the agreement, Ares will provide $2.55B in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is expected to close on or around January 1, 2016. Ares Kayne combines Ares Management, a leading global alternative asset manager with $87B in AUM with Kayne Anderson, an investor with $26B in AUM to form a global asset manager that will invest across five complementary, market leading investment groups: Tradable Credit, Direct Lending, Energy, Private Equity and Real Estate. The combined firm will have approximately 450 investment professionals. Upon closing, the merger is expected to be accretive to Aresí economic net income, distributable earnings and fee-related earnings per unit.

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