BrightSphere launches fixed price tender offer to buy up to 33.3M shares at $31.50, ~41.7% of outstanding

Acadian Asset Management Inc.

Tender offer to repurchase up to 33,300,000 shares at $31.50/share, a ~4.5% premium to Nov 3 closing price of $30.13.
If fully subscribed, BrightSphere will purchase ~41.7% of shares outstanding as of Oct 29, 2021.
Company entered repurchase agreement with Paulson funds to cap their ownership at 19.99% after tender; Paulson funds agreed to tender at least 41.7% of their shares.
Tender offer expires at 5:00 pm NY time on December 6, 2021, subject to conditions.

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