MEDIA — Oaktree’s deal to buy A — Cap insurer crumbles, spawning new talks — Bloomberg News
Oct 16 (Reuters) — — Source link: — Note: Reuters has not verified this story and does not vouch for its accuracy (globalnewsmonitoring@thomsonreuters.com)
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Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks
Oaktree Capital Management’s agreement to take over a life insurer owned by Advantage Capital Holdings has collapsed, leaving the companies to discuss alternatives after regulators raised alarms over the business’s potential exposure to defunct investment firm 777 Partners.