BlackRock (NYSE: TEX) discloses 13.4M shares of Terex, 11.8% stake
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 13,399,925 shares of Terex Corp common stock, representing 11.8% of the class as disclosed in this Schedule 13G/A. The filing attributes sole voting power for 13,121,626 shares and sole dispositive power for 13,399,925 shares to certain Reporting Business Units of BlackRock, Inc.
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Insights
BlackRock holds a material passive stake in Terex (13.4M shares; 11.8%).
The filing states 13,399,925 shares beneficially owned, with 13,121,626 shares subject to sole voting power by Reporting Business Units. This is an ownership disclosure under Schedule 13G/A reflecting passive investment status.
Monitor subsequent filings for changes in voting/dispositive figures or conversion to an active Schedule 13D if strategy shifts.
Ownership concentration near double-digit levels can affect governance dynamics.
Holding 11.8% of a class places BlackRock among larger institutional holders; the filing notes various internal business units hold these positions per SEC Release No. 34-39538. The report does not assert any control intent.
Watch for any future amendments, Form 4s, or Schedule 13D that would signal active engagement.
Key Figures
Key Terms
Beneficially owned regulatory
Sole dispositive power regulatory
Schedule 13G/A regulatory
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