BrightSphere Announces Final Results of Its Tender Offer
09 December 2021 - 11:58PM
Business Wire
BrightSphere Investment Group Inc. (NYSE: BSIG) today announced
the final results of its tender offer, which expired at 5:00 P.M.,
New York City time, on Monday, December 6, 2021.
BrightSphere accepted for purchase 34,917,532 shares of common
stock in the tender offer for a total cost of approximately $1.1
billion, excluding fees and expenses relating to the tender offer.
The shares of common stock accepted for purchase includes 1,617,532
shares that BrightSphere elected to purchase pursuant to its right
to purchase up to an additional 2% of its outstanding common stock
and represented approximately 43% of BrightSphere’s total
outstanding shares as of December 6, 2021. Due to the
oversubscription of the tender offer, BrightSphere purchased on a
pro rata basis approximately 51.3% of the shares of common stock
tendered (other than “odd lot” holders, whose shares were purchased
on a priority basis).
Citigroup Global Markets Inc. and RBC Capital Markets, LLC acted
as the Dealer Managers for the tender offer. Georgeson LLC acted as
the Information Agent for the tender offer. All inquiries about the
tender offer should be directed to Citigroup Global Markets Inc.
toll-free at 1-877-531-8365, RBC Capital Markets, LLC toll-free at
1-877-381-2099 or Georgeson LLC toll-free at 1-888-607-9252.
About BrightSphere
BrightSphere is a global asset management company with one
operating subsidiary, Acadian Asset Management, with approximately
$114 billion of assets under management as of September 30, 2021.
Through Acadian, BrightSphere offers institutional investors across
the globe access to a wide array of leading quantitative and
solutions-based strategies designed to meet a range of risk and
return objectives. For more information, please visit
BrightSphere’s website at www.bsig.com. Information that may be
important to investors will be routinely posted on our website.
Cautionary Note Regarding
Forward-Looking Statements
This press release includes forward-looking statements. The
words or phrases “expect,” “anticipate,” “estimate,” and other
similar expressions are intended to identify such forward-looking
statements, but the absence of these words does not necessarily
mean that a statement is not forward-looking. Such statements are
subject to various known and unknown risks and uncertainties and
readers should be cautioned that any forward-looking information
provided by or on behalf of the Company is not a guarantee of
future performance.
Actual results may differ materially from those in
forward-looking information as a result of various factors, some of
which are beyond the Company’s control, including, but not limited
to, those discussed in the Company’s most recent Annual Report on
Form 10-K, filed with the Securities and Exchange Commission on
March 1, 2021, and subsequent SEC filings, including risks related
to market conditions, the disruption caused by the COVID-19
pandemic, which has and is expected to continue to materially
affect our business, financial condition, results of operations and
cash flows for an extended period of time. Due to such risks and
uncertainties and other factors, the Company cautions each person
receiving such forward-looking information not to place undue
reliance on such statements. Further, such forward- looking
statements speak only as of the date of this press release and the
Company undertakes no obligations to update any forward looking
statement to reflect events or circumstances after the date of this
press release or to reflect the occurrence of unanticipated
events.
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version on businesswire.com: https://www.businesswire.com/news/home/20211209005581/en/
Elie Sugarman ir@bsig.com (617) 369-7300
BrightSphere Investment (NYSE:BSIG)
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