secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000038777-23-000145
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources to issue 33.3M shares to Great-West in Putnam buy
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- 33,333,333 shares (4.9% of outstanding) issued at closing to Great-West.
- Additional $100M cash payable 180 days post-close; up to $375M contingent consideration.
- 4.9% stake subject to five-year lock-up; remaining shares locked for 180 days.
- Issuance exempt from registration under Section 4(a)(2) as private placement to accredited investor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000145/0000038777-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000145/ben-20230531.htm
  HTML page:      https://secwatch.observer/filing/0000038777-23-000145

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