secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock, Inc. (BLK)
CIK:        0002012383
Form:       8-K12B
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-229601
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackRock closes $3B cash + 12M shares acquisition of GIP; becomes successor issuer
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- Total consideration: $3B cash + ~12M shares of New BlackRock common stock; ~30% deferred subject to post-closing events.
- Each share of Old BlackRock common stock converted 1-for-1 into New BlackRock common stock; BLK ticker continues on NYSE.
- New BlackRock guaranteed Old BlackRock's outstanding senior notes due 2025–2033 on a senior unsecured basis.
- Board expanded to 16 directors; same directors and executive officers as Old BlackRock carry over.
- New BlackRock succeeded Old BlackRock as SEC reporting company under Rule 12g-3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012383/000119312524229601/0001193125-24-229601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012383/000119312524229601/d856271d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-229601

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