SiteMinder Limited (AU:SDR) has released an update.
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Morgan Stanley Australia Securities Limited has acquired a 5% stake in SiteMinder Limited through an underwritten block trade agreement, becoming a substantial holder of the company’s issued capital. The transaction involved the sale of 14 million SiteMinder shares and is scheduled to settle on October 2, 2024, after which Morgan Stanley will cease to have a relevant interest in the securities.
For further insights into AU:SDR stock, check out TipRanks’ Stock Analysis page.