AcquisitionsJun 30, 2026, 05:22 PM
BlackRock Registers 12M Shares for HPS Acquisition Consideration
AI Summary
BlackRock, Inc. filed a prospectus supplement to register up to 12,035,866 shares of its common stock. These shares are intended for holders of Class B-2 membership units of BlackRock Saturn Subco, LLC, upon redemption of an equal number of units. The units were issued as consideration for BlackRock's acquisition of HPS Investment Partners, with 7,606,927 shares for initial consideration and up to 4,428,939 shares for deferred consideration contingent on performance milestones. BlackRock expects to facilitate these exchanges directly for common stock.
Key Highlights
- BlackRock registered up to 12,035,866 common shares.
- Shares for redemption of BlackRock Saturn Subco Class B-2 units.
- Units are consideration for HPS Investment Partners acquisition.
- 7,606,927 shares for initial acquisition consideration.
- Up to 4,428,939 shares for deferred consideration.
- Deferred shares subject to post-closing conditions and performance.
- Units redeemable for stock or cash after one year from closing.
- BlackRock expects direct exchange for common stock.
Price Impact
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