secwatch.observer — SEC 8-K summary
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Issuer:     Acadian Asset Management Inc. (AAMI)
CIK:        0001748824
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001104659-21-134042
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748824/000110465921134042/0001104659-21-134042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748824/000110465921134042/tm2117471d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-134042

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