on The Vanguard Group, Inc. (isin : US12572Q1058)
Vanguard Group Announces Position in Redrow plc Amidst Potential Takeover Scenarios
The Vanguard Group, Inc. disclosed its position in Redrow plc, signaling significant market moves as part of a Takeover Code mandated announcement. On May 13, 2024, Vanguard reported owning 13,133,188 shares, amounting to a 3.97% stake in Redrow plc. This disclosure came alongside information regarding dealings with another key player in the sector, Barratt Developments plc, hinting at broader strategic positioning in the housing construction market.
Additionally, Vanguard was involved in direct transactions with Redrow plc's stocks where they purchased 5,161 shares and sold 4,125 shares at a matched price of 6.94 GBP per unit on May 13, 2024. The context of these trades aligns with ongoing market dynamics potentially tied to acquisition activities, although specific details of these broader strategies remain under wraps.
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