Altimar Acquisition in an 8-K filing said its shareholders voted in favor of the business combination with Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group.
The new alternative asset management firm wiill have over $45 billion AUM.
Terms of the deal call for approximately $5. 5 billion to be paid to existing Owl Rock Equityholders consisting of $350 million in cash and the remainder in shares of the post-merger company, Blue Owl.
Approximately $6.7 billion will be paid to Dyal Equityholders consisting of $1.1 billion in cash and the remainder in Blue Owl Operating Group Units and vote-only shares of Blue Owl.
The deal was dogged by legal challenges almost from the day it was announced. Read more.
