Cooper Creek reveals 2.6% O-I Glass (NYSE: OI) ownership stake
Rhea-AI Filing Summary
Cooper Creek Partners Management LLC reported a passive ownership stake in O-I Glass, Inc.2.6% of the outstanding common stock. Cooper Creek has sole voting and dispositive power over these shares and certifies they are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the company.
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FAQ
What ownership stake in O-I Glass (OI) did Cooper Creek report?
Cooper Creek Partners Management LLC reported owning 4,031,112 shares of O-I Glass common stock, representing 2.6% of the class. This reflects a minority position, with the firm holding sole voting and dispositive power over all reported shares.
Is Cooper Creek’s O-I Glass (OI) position considered passive or activist?
Cooper Creek describes its O-I Glass holdings as passive. It certifies the securities were acquired and are held in the ordinary course of business, not for changing or influencing control or participating in transactions aimed at altering control of the issuer.
Does Cooper Creek own more than 5% of O-I Glass (OI) stock?
No. Cooper Creek reports beneficial ownership of 2.6% of O-I Glass’s common stock, which is 5 percent or less of the class. The filing specifically notes ownership of 5 percent or less, classifying it as a relatively small minority stake.
Who signed the O-I Glass (OI) Schedule 13G/A for Cooper Creek?
The Schedule 13G/A was signed by John McCleary, identified as CFO, on behalf of the reporting person. The signature section includes a certification that the information provided regarding ownership and intentions is true, complete, and correct to the best of their knowledge.