secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001056288-21-000021
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Federated Hermes completes acquisition of remaining 29.5% stake in Hermes Fund Managers for £116.5M
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- Paid £116.5M (~$161.5M) for BTPS's 29.5% interest in HFML, using cash and credit facility.
- BTPS no longer holds any ownership or board seat in HFML; remains a client with $12B AUM.
- Hedged GBP payment via forward contract: £117.1M at 1.386345, settling $162.3M on Aug 31, 2021.
- FHI now owns ~90% of HFML; remaining ~10% held in employee benefit trust.
- Option Deed and Shareholders' Agreement terminated upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000021/0001056288-21-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000021/fhi-20210831.htm
  HTML page:      https://secwatch.observer/filing/0001056288-21-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer