JPMorgan Asset Management Discloses Position in Prologis Under Takeover Rules
JPMorgan Asset Management disclosed its position in Prologis, Inc. (PLD) under Rule 8.3 of the Takeover Code. The filing reported an increase of 6,482 common shares in its holding resulting from a transfer.
Rule 8.3 requires public reporting from any person or entity holding or dealing in relevant securities that represent 1% or more of a company subject to takeover disclosure rules. Shares of Prologis, Inc. were last priced at $132.80, reflecting a 0.25% gain for the session.
Market participants will continue to follow routine regulatory disclosures to observe any additional institutional position changes or corporate updates involving Prologis, Inc.
Key points
- JPMorgan Asset Management filed a Rule 8.3 position disclosure for Prologis, Inc. (PLD).
- The filing reported a transfer that increased holdings by 6,482 common shares.
- Shares of Prologis, Inc. were last quoted at $132.80, up 0.25% on the day.
- Rule 8.3 requires public reporting for security interests of 1% or higher in relevant companies.
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How we writeDisclaimerQuestions and answers
Why was a Rule 8.3 disclosure filed for Prologis, Inc.?
The disclosure was submitted by JPMorgan Asset Management in compliance with regulations requiring public disclosure for interests representing 1% or more of relevant securities.
How many Prologis shares were involved in the reported transaction?
The disclosure noted an increase of 6,482 common shares due to a transfer.