FMR discloses 10.5% Elanco (NYSE: ELAN) ownership in 13G/A
Rhea-AI Filing Summary
FMR LLC has filed an amended Schedule 13G indicating beneficial ownership of 52,196,321.38 shares of Elanco Animal Health Inc. common stock, representing 10.5% of the class. FMR reports sole voting power over 44,813,598.91 shares and sole dispositive power over 52,196,321.38 shares.
Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 52,196,321.38 shares and no voting power. The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Elanco.
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FAQ
What does the FMR LLC Schedule 13G/A filing reveal about ELAN?
The filing shows FMR LLC beneficially owns 52,196,321.38 Elanco shares, or 10.5% of the common stock. This large institutional stake is reported as being held in the ordinary course of business, without an intent to change or influence control of the company.
What role does Abigail P. Johnson have in the Elanco (ELAN) ownership filing?
Abigail P. Johnson is listed as a reporting person with sole dispositive power over 52,196,321.38 Elanco shares. The filing shows she has no voting power over these shares, but is deemed to beneficially own 10.5% of the company’s common stock through this dispositive authority.
Does FMR LLC intend to influence control of Elanco Animal Health (ELAN)?
The filing states the Elanco securities were acquired and are held in the ordinary course of business. It explicitly notes they were not acquired and are not held for the purpose of changing or influencing control of Elanco, outside limited activities related to director nominations under Rule 14a-11.