Northstar Asset, Colony Capital, Northstar Realty to MergeMichael J. Moore
NorthStar Asset Management Group Inc. will merge with Colony Capital Inc. and NorthStar Realty Finance Corp. in an all-stock deal.
Shareholders of each of the companies will own 33 percent or 34 percent of the new entity, which will be called Colony NorthStar Inc., the companies said Friday in a statement. Richard Saltzman will be chief executive officer and Thomas Barrack will be chairman.
Link to Statement:Link