LATAM Airlines pilots in Chile to begin strike at midnight Wednesday
DUBLIN - Investment management firm BlackRock, Inc. has increased its stake in automotive seating supplier Adient plc to 19.01% of total voting securities, according to a regulatory filing disclosed Friday.
The filing with the Irish Takeover Panel shows BlackRock acquired an additional 5,126 ordinary shares with voting rights in Adient on November 6, bringing its total holdings to 15,056,776 shares.
The transaction was reported under Rule 6 of the Irish Takeover Panel Act’s Substantial Acquisition Rules, which requires disclosure when significant stakes in publicly traded companies are acquired.
BlackRock, one of the world’s largest asset managers, made the disclosure through the London Stock Exchange’s news service. The filing did not indicate the purpose behind the increased position in the automotive supplier.
Adient, headquartered in Ireland with operational headquarters in Michigan, is a major global supplier of automotive seating systems that was spun off from Johnson Controls in 2016.
The information was disclosed through a Form SAR 6 filing, which is required when substantial acquisitions of voting securities occur in companies governed by Irish takeover regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.