Street Talk
Almost $2b of Fortescue shares hit the market in massive block trade
JPMorgan’s equity capital markets team was looking for buyers for $1.9 billion of discounted Fortescue stock after Monday’s closing bell on behalf of an undisclosed institutional investor.
Investors may have lost faith in Andrew Forrest and Fortescue. Edwina Pickles
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected]
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at [email protected]
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at [email protected]
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