US-based independent money managers, Lord Abbett & Co reported on 10 July in a Schedule 13G filing to the US“ Securities and Exchange Commission that it holds 10,991,882 shares of US chemical, fibre …
US-based independent money managers, Lord Abbett & Co reported on 10 July in a Schedule 13G filing to the US“ Securities and Exchange Commission that it holds 10,991,882 shares of US chemical, fibre and polymer manufacturer Solutia, Inc“s common stock. A 13G is filed by professional investment managers who hold 5% or more of a company“s common stock solely for investment purposes. A Schedule 13D is filed by a person or entity who owns directly 5% or more of a company“s common stock, and who may or may not have plans to buy more stock or plan a takeover. Solutia reported in a Form 10-K filed on 7 March that at the close of business on 25 February it had 104,604,349 shares of common stock outstanding. Taking this into account, Lord Abbett holds 10.5% of Solutia“s outstanding common stock.