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A U.S. Private Equity Firm Has Officially Delisted for the First Time Ever

  • Japanese tech investor agreed to $3.3 billion deal in February
  • PE firm’s shares tumbled almost 58 percent since 2007 IPO
Key Speakers At SoftBank World
Photographer: Kiyoshi Ota/Bloomberg
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Japan’s SoftBank Group Corp. has completed its $3.3 billion cash deal for Fortress Investment Group LLC, marking the first time a publicly traded U.S. private equity firm has delisted.

Trading in Fortress shares was halted before Wednesday morning’s announcement. Its stock closed its last day of trading Tuesday at $7.85 a share, almost 58 percent below the 2007 initial public offering price.