Blue Owl Backs Off: Market Conditions Send the Merger Flying South

Key Takeaways OBDC canceled its merger with OBDC II, citing unfavorable market conditions.OBDC's $200M share repurchase program remains active, offering support for the stock.Management maintains that a merger could add long-term value and intends to explore next steps in future.Blue Owl Capital Corporation (OBDC) has officially withdrawn from its planned merger with Blue Owl Capital Corporation II ("OBDC II"), pointing to market conditions that made the transaction increasingly unattractive. The decision f ...