Morgan Stanley Acquires 5% Stake in SiteMinder
Company Announcements

Morgan Stanley Acquires 5% Stake in SiteMinder

SiteMinder Limited (AU:SDR) has released an update.

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.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App