Franklin Resources' Stockholders to Sell Over 31 Million Shares of Common Stock

Monday, 1 July 2024, 20:32

Franklin Resources (BEN) has filed a prospectus for selling 31,557,117 shares of common stock held by stockholders. The announcement indicates an upcoming transfer of ownership for a substantial portion of the company's outstanding stock, potentially impacting its liquidity and market position.
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Franklin Resources' Stockholders to Sell Over 31 Million Shares of Common Stock

Franklin Resources Announces Stock Sale

Franklin Resources (BEN) has filed a prospectus for selling 31,557,117 shares of common stock held by stockholders.

Key Points:

  • Ownership Transfer: Over 31 million shares of common stock to be sold.
  • Market Impact: Potential liquidity and ownership changes for Franklin Resources.

Overall, the sale of the large stock holding might influence the company’s future market performance and shareholder structure.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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