The Vanguard Group Discloses Stake in Quanex Building Products Corporation

The Vanguard Group, Inc. has made a disclosure regarding its interest in Quanex Building Products Corporation. This information was shared on the 23rd of May, 2024, in line with Rule 8.3 of the Takeover Code, which requires such transparency from stakeholders possessing 1% or more of relevant securities.

The announcement detailed that Vanguard controls 3,714,458 shares, representing 11.22% of the common stock in Quanex. In addition, it was noted that Vanguard is also making disclosures regarding its interests in Tyman plc, another party related to the offer.

Transactions disclosed include a purchase of 303 shares at $32.52 per unit and a sale of 309 shares at the same price, signaling regular trading activity. No new securities or changes in derivative positions were reported. Furthermore, there were no indemnity agreements, arrangements, or understandings related to the relevant securities.