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DS Smith Sees Major Stake Acquired by JPMorgan

DS Smith Sees Major Stake Acquired by JPMorgan

DS Smith (GB:SMDS) has released an update.

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DS Smith PLC has announced a notable change in its shareholder structure, with JPMorgan Chase & Co. crossing a threshold of voting rights on July 23, 2024. This financial maneuver resulted in JPMorgan Chase & Co. acquiring a combined total of 6.205716% of voting rights, an increase from the previous notification. The notification, completed on July 26, 2024, in London, included details on indirect voting rights and financial instruments, such as cash-settled equity swaps.

For further insights into GB:SMDS stock, check out TipRanks’ Stock Analysis page.

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