T. Rowe Price to acquire Oak Hill Advisors for up to $4.2B, accelerating alternative credit expansion

PRICE T ROWE GROUP INC

Purchase price up to ~$4.2B: $3.3B at closing (74% cash, 26% stock) plus up to $900M earnout.
Transaction expected to close late Q4 2021, subject to HSR, client consents, and customary conditions.
OHA has $53B capital under management; Glenn August to remain CEO and join T. Rowe Price Board.
Deal expected to be accretive to T. Rowe Price diluted EPS by low-to-mid single digit % in 2022.
T. Rowe Price commits $500M for co-investment and seed capital alongside OHA management.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.