Item 8.01 Other Events.
On January 21, 2020, Ares Management Corporation (the "Company") issued a press
release announcing that its subsidiary, Ares Holdings L.P., entered into a
purchase agreement to indirectly acquire a majority interest in SSG Capital
Holdings Limited (the "Transaction"). The consideration payable in the
Transaction consists of Class A common stock, par value $0.01 per share, and
cash. A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
Forward-Looking Statements
This current report on 8-K contains forward-looking statements within the
meaning of the federal securities laws. You can identify these statements by the
Company's use of the words "assumes," "believes," "estimates," "expects,"
"guidance," "intends," "plans," "projects," and similar expressions that do not
relate to historical matters. You should exercise caution in interpreting and
relying on forward-looking statements because they involve known and unknown
risks, uncertainties, and other factors which are, in some cases, beyond the
Company's control and could materially affect actual results, performance, or
achievements. For a further description of such factors, you should read the
Company's filings with the Securities and Exchange Commission. The Company does
not undertake any obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or otherwise.
In addition to factors previously disclosed in the Company's filings with the
Securities and Exchange Commission, including those discussed under the heading
"Risk Factors" in its most recently filed reports on Form 10-K and 10-Q, the
following factors, among others, could cause actual results to differ materially
from forward-looking statements or historical performance: the possibility that
regulatory and other approvals and conditions to the Transaction are not
received or satisfied on a timely basis or at all, or contain unanticipated
terms and conditions; the possibility that modifications to the terms of the
Transaction may be required in order to obtain or satisfy such approvals or
conditions? delays in closing the Transaction? difficulties, delays or
unanticipated costs in integrating the acquired operations; purchase price
adjustments? unexpected costs resulting from the Transaction, delays or other
disruptions associated with the acquisition and integration of personnel and
operations in international jurisdictions; changes in economic conditions? and
regulatory conditions.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release dated January 21, 2020.
101.INS* XBRL Instance Document - the instance document does not appear in the
Interactive Data File because its XBRL tags are embedded within the
Inline XBRL document.
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document.
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