Vanguard Group's Latest Stake in Quanex Building Products and Market Transactions

The Vanguard Group, Inc. disclosed a significant holding in Quanex Building Products Corporation as of April 30, 2024. The investment firm reported controlling 3,713,516 common shares, representing an 11.22% stake in the company. This position marks a substantial investment by one of the leading investment organizations in the globally recognized building products manufacturer.

In addition to disclosing their current holdings, The Vanguard Group provided details about recent transactions involving Quanex's shares. On a recent trading day, the firm executed both purchases and sales of Quanex's common stock, buying 610 shares and selling 673 shares at a price of 33.22 USD per unit. No derivative transactions were disclosed in this latest communication.

The report included information on related companies under similar offers, mentioning Tyman plc, though without providing specifics about holdings or transactions. The disclosure adheres to Rule 8.3 of the Takeover Code, which requires transparency from parties holding more than 1% of any relevant security.