secwatch.observer — SEC 8-K summary
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Issuer:     HOULIHAN LOKEY, INC. (HLI)
CIK:        0001302215
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001193125-21-233655
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Houlihan Lokey to acquire GCA Corp for ~$591M; tender offer at ¥1,380/share, 31% premium
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- Total purchase price ~¥65B (~$591M) in cash; ¥1,380/share, a 31.3% premium to GCA's Aug 2 close of ¥1,051.
- Tender offer launches Aug 4, 2021; expected to close Oct 4, 2021; condition of 2/3 tender of shares.
- GCA is a global tech-focused investment bank with ~$355M CY2021E revenue; ~68% of revenue from tech sectors.
- Transaction expected to be accretive to HLI's EPS; combined firm to be one of largest independent global M&A advisors.
- Financed with cash on HLI's balance sheet; GCA to become private after second-step squeeze-out.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302215/000119312521233655/0001193125-21-233655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302215/000119312521233655/d109449d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-233655

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