Briar Hall discloses 8.91% Illinois Tool Works (ITW) stake on Schedule 13G
Rhea-AI Filing Summary
Briar Hall Management LLC filed a Schedule 13G reporting a sizable passive stake in Illinois Tool Works Inc. common stock. Briar Hall reports beneficial ownership of 25,850,978 shares, representing 8.91% of the outstanding common stock.
The firm has sole voting and dispositive power over 24,878,918 shares and shared voting and dispositive power over 972,060 shares. Briar Hall certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Illinois Tool Works.
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Insights
Large passive holder reports an 8.91% stake in Illinois Tool Works.
Briar Hall Management LLC discloses beneficial ownership of
The filing is on Schedule 13G, which is used for holders that characterize themselves as passive. Briar Hall certifies the position is held in the ordinary course of business and not with the purpose or effect of changing or influencing control of the company, which tempers governance implications.
The ownership details as of the event date