secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2021-12-30T23:59:59+00:00
Accession:  0001113169-21-000040
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T. Rowe Price completes $3.3B acquisition of Oak Hill Advisors (OHA) alternative credit manager
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- Purchase price ~$3.3B: 74% cash, 26% stock (4,447,088 shares issued).
- Earnout consideration up to $900M upon milestone achievement, payable 2025-2027.
- OHA operates as standalone; Glenn August remains CEO, joins TROW Board and Management Committee.
- Robert Sharps, incoming CEO, joins T. Rowe Price board effective Dec 30, 2021.
- OHA has $56B capital under management (Nov 30, 2021) across credit strategies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/0001113169-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/trow-20211229.htm
  HTML page:      https://secwatch.observer/filing/0001113169-21-000040

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