8-KOther Events

Ares Management Corp 8-K Report, Corporate Update (Mar 29, 2021)

Filed March 29, 2021For Securities:ARESARES-PB

Summary

Ares Management Corporation (ARES) filed an 8-K on March 29, 2021, to disclose the expiration of a 30-day exclusivity period with AMP Limited (AMP) regarding a potential transaction involving AMP's private markets business. While discussions are ongoing, the company emphasized that any future transaction is subject to numerous conditions, structural considerations, and ongoing due diligence. Investors should note that the terms, size, and structure of any potential deal could materially differ from the initial Heads of Agreement. Ares explicitly stated there is no certainty that a transaction will occur. The filing also includes standard forward-looking statements, cautioning investors about the inherent risks and uncertainties associated with such projections.

Key Highlights

  • 1Expiration of exclusivity period with AMP Limited for a potential transaction.
  • 2Discussions regarding AMP's private markets business are continuing.
  • 3Any potential transaction remains subject to various conditions and Ares' due diligence.
  • 4No certainty exists that a transaction will be completed.
  • 5The terms, size, and structure of any potential transaction could differ materially from the initial agreement.
  • 6Ares is making no admission of materiality regarding the disclosed information.
  • 7The report contains standard forward-looking statements with associated risks and uncertainties.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that the 30-day exclusivity period between Ares Management Corporation and AMP Limited regarding a potential transaction has expired. It also provides an update on the ongoing discussions and the conditions that would need to be met for any deal to proceed.

Yes, Ares and AMP are still continuing discussions on a potential transaction involving AMP's private markets business, even though the exclusivity period has ended.

No, there is no certainty that a transaction will proceed. The company explicitly stated that any potential transaction is subject to various conditions, structural considerations, and ongoing due diligence, and could differ materially from initial expectations.

The filing includes forward-looking statements that caution investors about known and unknown risks, uncertainties, and other factors that are beyond the company's control. These factors could materially affect actual results, performance, or achievements. Investors are advised to read Ares' other SEC filings for a further description of these risks.