FMR (Fidelity) Sells Off — Goes From 11.9% Holder, To Under 5% — Post Oracle Announcement

Textura-FMR-Dumps-2016The exodus continues….

As of February 2o16 proxy disclosure time, FMR (an affiliate of the Fidelity Funds) held almost 12 per cent of all of Textura’s outstanding shares. No longer.

Now — as of an amended Schedule 13G this morning — it is under 5 per cent.

Upshot? More smart institutional investors taking the merger arbitrage risk of the table.

Now you know.

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