Saw a news article where company A had acquired an "unspecified amount" of Company B's stock, which would result in Company A filing a schedule 13D.So what's a schedule 13D?Thanks in advance...// mark
Greetings mark,So what's a schedule 13D?From http://www.investopedia.com/terms/s/schedule13d.asp :"An SEC rule requiring any person or group acquiring more than 5% of any class of a company's shares to disclose this information. This disclosure must be made within 10 days of the transaction. Rule 13D requires that the owner also disclose any other person who has voting power or the power to sell the security. "HTH,JB
Hey, not only the answer, but a nice link so I can feed myself next time!Thanks!
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