Heidrick & Struggles International

Shareholders of Heidrick & Struggles voted at a virtual extraordinary general meeting to approve the merger with Heron BidCo. Of 17,885,225 voting shares, 17,639,091 votes were in favor; an advisory proposal on executive compensation was rejected. The merger is expected to close around December 10, 2025, subject to the satisfaction of remaining closing conditions. The transaction is part of an approximately $1.3 billion takeover by a consortium led by Advent International and Corvex Private Equity; shareholders will receive $59.00 per share. » Mere på de.investing.com

Heidrick & Struggles' stock rose to a 52-week high of $58.85 and recorded a year-to-date gain of 25.09%. The company has obtained antitrust clearances in the US, Germany and Australia for the planned merger with Heron BidCo. A consortium led by Advent International and Corvex is offering about $1.3 billion in a cash takeover at $59.00 per share; the transaction remains subject to customary closing conditions. » Mere på de.investing.com

Heidrick & Struggles reports that the waiting period under the Hart-Scott-Rodino Act (HSR) for the planned merger with Heron BidCo has expired, marking the completion of a key antitrust step. Authorities in Germany and Australia had already approved the deal, so the antitrust conditions for closing are satisfied. The transaction, led by a consortium headed by Advent International and Corvex Private Equity, is a cash takeover valued at about $1.3 billion; shareholders are to receive $59.00 per share. Closing remains subject to other customary conditions set out in the merger agreement; a final proxy statement has been filed with the SEC. » Mere på de.investing.com