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Stock Market & Financial Investment News

News Breaks
January 23, 2014
07:36 EDTFIGFortress affiliate bid wins auction for MM&A Railway, WSJ reports
An affiliate of Fortress Investment Group won the bidding at Tuesday's auction of the Montreal, Maine & Atlantic Railway, reports the Wall Street Journal. The affiliate, Railway Acquisition Holdings, $15.85M bid was the only offer for most of the railway's assets.Reference Link
News For FIG From The Last 14 Days
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May 22, 2015
19:35 EDTFIGFortress, Mount Kellett Capital to form strategic alliance, terms not disclosed
Fortress Investment Group and Mount Kellett Capital Management announced they have reached an agreement for an affiliate of Fortress to become co-manager with Mount Kellett of the Mount Kellett investment funds and related accounts. Mount Kellett affiliates will continue to serve as general partner of the Funds. Additionally, affiliates of Fortress will become special limited partners of the Funds. Financial terms of the transaction were not disclosed. The transaction is subject to receipt of Mount Kellett investor consent and certain other approvals and the execution of definitive agreements. The transaction is expected to close on or about June 30.
May 19, 2015
06:31 EDTFIGFortress Investment reports 6.4% stake in Newcastle Investment
Fortress Investment Group (FIG) reports a 6.4% stake in Newcastle Investment (NCT).

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