L&G Asset Management Files Form 8.3 Disclosure on Prologis
L&G Asset Management Limited submitted a Form 8.3 regulatory disclosure regarding Prologis, Inc. (PLD) under Rule 8.3 of the Takeover Code. The filing reports a position in relevant securities representing 1 percent or more of the company.
Under Takeover Code regulations, parties holding an interest of 1 percent or higher in relevant securities must publicly disclose their positions and dealings. Shares of Prologis, Inc. were trading down 2.70 percent at $126.90 following the disclosure.
Market participants will watch for subsequent regulatory filings and further disclosures to monitor institutional holdings and potential corporate activity surrounding Prologis, Inc.
Key points
- L&G Asset Management Limited filed a Form 8.3 disclosure regarding Prologis, Inc. (PLD) under Rule 8.3 of the Takeover Code.
- The regulatory filing indicates a holding of 1 percent or more in relevant securities of the company.
- Shares of Prologis, Inc. were trading at $126.90, down 2.70 percent on the day.
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What did L&G Asset Management disclose regarding Prologis?
L&G Asset Management Limited submitted a Form 8.3 disclosure under the Takeover Code, reporting a position representing 1 percent or more in relevant securities of Prologis, Inc.
How did Prologis stock react?
Prologis, Inc. (PLD) shares traded at $126.90, down 2.70 percent on the day of the disclosure.