secwatch.observer — SEC 8-K summary
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Issuer:     HEIDRICK & STRUGGLES INTERNATIONAL INC (—)
CIK:        0001066605
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001193125-25-231098
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heidrick & Struggles to be acquired by Advent/Corvex for $59/share (~$1.3B equity value)
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- Stockholders receive $59.00 per share cash, a ~26% premium to the 90-day VWAP.
- Consortium includes Advent, Corvex, family offices, and significant investment from Heidrick leaders.
- Transaction valued at ~$1.3B equity; company will become private after closing.
- Board unanimously approved; closing subject to stockholder vote and regulatory approvals with a $38.9M termination fee.
- Equity commitment of $1.35B from Advent affiliates to fund the merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066605/000119312525231098/0001193125-25-231098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066605/000119312525231098/d73423d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-231098

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