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State Street Becomes Major Shareholder in Reliance Worldwide
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State Street Becomes Major Shareholder in Reliance Worldwide

Reliance Worldwide Corp. Ltd. (AU:RWC) has released an update.

State Street Corporation has emerged as a substantial holder in Reliance Worldwide Corporation Limited, with a 5.07% voting power due to its ownership of 40,085,957 ordinary shares as of April 12, 2024. The details of the acquisition and the parties involved are outlined in the company’s recent statutory filing. This move could signify State Street’s confidence in Reliance Worldwide’s market performance and potentially impact the company’s future strategic decisions.

For further insights into AU:RWC stock, check out TipRanks’ Stock Analysis page.

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