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Stock impact report

BrightSphere Announces Final Results of Its Tender Offer

BrightSphere Investment Group Inc. (BSIG) 
Last brightsphere investment group inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Business Wire
BOSTON--(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 act Show less Read more
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