secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001104659-21-140283
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems to acquire Power Line Systems for ~$700M in cash/stock
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- Agreement to acquire Power Line Systems for approximately $700 million, subject to adjustments.
- Consideration payable in cash or combination of cash and up to 50% in Bentley class B shares.
- Stock portion, if any, priced at weighted-average price at closing; issuance exempt from registration under Securities Act.
- Transaction expected to close pending conditions; no specific closing date provided.
- Acquisition expands Bentley's portfolio with Power Line Systems' engineering software capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000110465921140283/0001104659-21-140283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000110465921140283/tm2133221d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-140283

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