Morgan Stanley trims Adtran stake to 7.09% from 7.75% voting rights disclosure shows
ADTN•Voting rights via instruments eased
Voting rights via instruments eased to 3.59% from 3.79%, led by a 2.29% recall right over securities lending agreements.
Physical-settled Convertible Bond exposure represented 1.3% of voting rights, or 1,057,043 shares.
Morgan Stanley cuts its stake in ADTRAN Holdings
Morgan Stanley cut its total stake in ADTRAN Holdings to 7.09% from 7.75%, based on an Aug. 12 threshold date.
Voting rights tied to shares fell to 3.51% from 3.95%, with 2,858,961 shares held indirectly.
