BlackRock see-saws Fletcher Building stake back above substantial shareholder mark

Thu, 14 Jan 2016

By Fiona Rotherham Jan. 14 (BusinessDesk) - BlackRock, the world’s largest investment manager, has tweaked its stake in Fletcher Building back above the 5 percent substantial shareholder mark again. The US headquartered fund manager first became a substantial shareholder in the Auckland-based construction and building supplies firm through various related companies in March last year. It had built up the stake from November 2014, including purchases at between $8.04 and $8.97 per share. Its latest move lifted its shareholding to 5 perc...

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