This transformative acquisition creates a clear global leader in talent and organizational consulting with meaningful revenue and cross-sell synergies. Monitor regulatory clearance timeline and integration execution; the stock issuance is modest relative to the strategic benefits. Near-term focus on closing conditions and any competing bids.
Price Chart
Executive Summary
Korn Ferry (KFY) has signed a definitive agreement to acquire AMS, a UK-based recruitment process outsourcing firm, for approximately £850 million (~$1.1 billion), consisting of ~£659 million in cash and ~£191 million in stock. The acquisition is transformative, creating a combined entity with over 16,000 employees and strong cross-selling opportunities in talent and organizational consulting.
Key Financial Metrics
Key Facts
- Total consideration ~£850 million (~$1.1 billion): ~£659M cash + ~£191M in KFY common stock
- Stock issuance capped at 19.99% of outstanding shares; shares exempt from registration under Section 4(a)(2)
- Closing expected in KFY's fiscal quarter ending October 30, 2026, subject to regulatory approvals in UK, Germany, and US (HSR)
- Post-close, combined firm will have >16,000 colleagues placing a professional approximately every 90 seconds
- Consideration shares priced using a collar (85%-115% of $71.3815 VWAP); locked-box mechanism with Dec 31, 2025 fixed enterprise value
Financial Impact
Purchase price ~$1.1B (~30% of KFY's $3.7B market cap); dilution from stock issuance ~$255M (~6.9% of pre-deal market cap)
Risk Factors
- Regulatory approval delays or failure in UK, Germany, or US
- Integration execution risk and client retention in combined entity
- Dilution from stock consideration and potential lock-up expirations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-286757 |
| Document: d102657dex22.htm | 0001193125-26-286757 |
| Document: d102657d8k.htm | 0001193125-26-286757 |
| Document: d102657dex991.htm | 0001193125-26-286757 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $78.51 | awaiting T+20 | — | $76.07 (−3.11%) |
Sep 28, 2026 28d ago | 8-K | $71.98 $76.07 | ▲ +5.68% | ▲ +4.97% | $76.07 (+5.68%) |
Sep 9, 2026 6w ago | 8-K | $81.13 $70.53 | ▼ −13.07% | ▼ −15.26% | $76.07 (−6.24%) |
Aug 19, 2026 9w ago | 8-K | $84.59 $76.78 | ▼ −9.23% | ▼ −9.23% | $76.07 (−10.07%) |
Jul 17, 2026 14w ago | Insider Cluster | $78.02 $83.05 | ▲ +6.45% | ▲ +2.33% | $76.07 (−2.50%) |
Jul 16, 2026 14w ago | Insider Cluster | $78.61 $84.19 | ▲ +7.10% | ▲ +2.65% | $76.07 (−3.23%) |
Jun 29, 2026 17w ago | 8-K | $70.52 $78.25 | ▲ +10.96% | ▲ +11.24% | $76.07 (+7.87%) |
Jun 22, 2026 18w ago | 8-K | $71.72 $78.02 | ▲ +8.78% | ▲ +7.62% | $76.07 (+6.07%) |
Mar 5, 2026 33w ago | 8-K | $64.52 $63.36 | ▼ −1.80% | ▲ +1.99% | $76.07 (+17.90%) |
US Market Status
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