JPMorgan cuts DBV Technologies stake below 10%, voting rights fall to 9.13% - DBVT News | RalliesJPMorgan cuts DBV Technologies stake below 10%, voting rights fall to 9.13%
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DBVT• JPMorgan reduces DBV Technologies stake
- JPMorgan Chase crossed above the 10% threshold in DBV Technologies on Aug. 21, holding 40,663,976 shares, or 13.73%.
- It then fell back below 10% on Aug. 24, cutting its stake to 27,020,036 shares, or 9.13%.
- JPMorgan said the moves reflected changes in holdings counted by assimilation, mainly tied to prime brokerage “right of use” positions.
- It reiterated it has no intention to take control or seek board representation.
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