Seeking Alpha

NorthStar completes spinoff of asset management business

  • NorthStar Asset Management (NSAM) will begin trading today on the Big Board. NorthStar (NRF) owners - after giving effect to a 1:2 reverse stock split - received shares in NSAM on a one-for-one basis.
  • NRF is trading at $17 premarket vs. last night's close of $17.38.
  • Source: Press Release
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