Fortress launches secondary as insiders cash out

|About: Fortress Investment Grou... (FIG)|By:, SA News Editor

The offering size is 28.28M Class A shares with underwriter greenshoe of 4.242M. Insiders are selling about 5.077M shares. Fortress (FIG) will use the proceeds to purchase an equivalent number of outstanding Fortress Operating Group partnership units from company principals.

Shares -3.2% AH