Vanguard Group Declares 11.22% Holding in Quanex Building Products Corporation

The Vanguard Group, Inc. disclosed a significant holding in Quanex Building Products Corporation, possessing 11.22% of its common stock, totaling 3,714,680 shares as of May 10, 2024. This disclosure forms part of the newest Form 8.3 filing under the UK's Takeover Code, which necessitates public opening position disclosures for those holding 1% or more in relevant securities of an entity involved in a takeover.

Additionally, recent transactions listed in the filing included the purchase of 446 shares and the sale of 1,215 shares, both at a price of $34.75 per unit. This suggests an active trading position by The Vanguard Group in Quanex's stock around the time of disclosure. The firm also indicated no involvement in cash-settled derivatives or other securities related arrangements concerning Quanex at this time.