Vanguard Reports Stake in Quanex Building Products Corporation

The Vanguard Group, Inc. disclosed its financial position regarding Quanex Building Products Corporation in a recent filing with the Takeover Panel, under Rule 8.3 of the Takeover Code. The disclosure, dated April 26, 2024, reveals substantial ownership, reporting control over 3,713,373 shares, amounting to an 11.21% interest in the company. Vanguard's involvement signifies a marked interest in Quanex, tracing to impactful investment decisions.

In recent activity, Vanguard executed notable transactions, selling 5,359 shares at a price of $33.81 each. This sale repositions Vanguard's holdings in Quanex but maintains a significant percentage of company control. These disclosures complete obligations under the Takeover Code, demonstrating transparency in positions during potential takeover scenarios. No other dealings in derivatives or other securities were noted in the disclosure, focusing solely on direct stock transactions.