8-KEarnings & ResultsOther EventsExhibits & Filings

AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 23, 2008)

Filed July 23, 2008For Securities:AMGMGRBMGRMGRDMGRE

Summary

Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 23, 2008, reporting on its financial and operating results for the quarter ended June 30, 2008. While the detailed results are available in an attached press release, the filing also announced two significant strategic acquisition agreements. These acquisitions aim to expand AMG's investment management capabilities and diversify its business further. The company entered into a definitive agreement to acquire a majority equity interest in Harding Loevner LLC, an investment management firm. Additionally, AMG announced a joint agreement with the management team of Gannett Welsh & Kotler, LLC (GW&K) to acquire the asset management business of GW&K from The Bank of New York Mellon. These moves signal AMG's continued strategy of growth through targeted acquisitions within the asset management sector.

Key Highlights

  • 1AMG announced its financial and operating results for the quarter ended June 30, 2008, via an earnings press release (Exhibit 99.1).
  • 2The company entered into a definitive agreement to acquire a majority equity interest in Harding Loevner LLC.
  • 3AMG also entered into a definitive agreement with the management team of Gannett Welsh & Kotler, LLC (GW&K) to acquire GW&K's asset management business from The Bank of New York Mellon.
  • 4These acquisitions are strategic moves to enhance AMG's investment management portfolio and market presence.
  • 5The filing incorporates by reference three press releases detailing these announcements.

Frequently Asked Questions

The 8-K filing references an earnings press release (Exhibit 99.1) which contains the detailed financial and operating results for the quarter. Investors should refer to that press release for specific figures.

AMG announced definitive agreements to acquire a majority equity interest in Harding Loevner LLC and to jointly acquire the asset management business of Gannett Welsh & Kotler, LLC (GW&K) from The Bank of New York Mellon with GW&K's management team.

These acquisitions are part of AMG's strategy to expand its investment management capabilities and diversify its business by acquiring established asset management firms and businesses.

All announcements, including the earnings release and the acquisition agreements, were made on July 23, 2008.