---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-21-000030"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T16:34:10.591205+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001113169-21-000030
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000030/0001113169-21-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000030/trow-20211028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-21-000030
- JSON: https://secwatch.observer/filing/0001113169-21-000030.json
- Plain text: https://secwatch.observer/filing/0001113169-21-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.