secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001113169-21-000030
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316921000030/0001113169-21-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316921000030/trow-20211028.htm
  HTML page:      https://secwatch.observer/filing/0001113169-21-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer