Hi there,
could anyone "explain me like I'm 5" the engagement of JP Morgan Chase at Aroundtown SA based on the following document?
https://www.bloomberg.com/press-releases/2023-10-04/aroundtown-sa-notification-of-a-change-in-major-holdings-pursuant-to-the-modified-law-and-grand-ducal-regulation-of-11-january
I'm getting that they somehow bought / will buy shares of Aroundtown SA (via options)?!
But how much exactly? Is JP Morgan Chase obligated to buy? And HOW and WHEN exactly?
Thank you very much :)
[link] [comments] https://www.reddit.com/r/stocks/comments/1721dtm/document_stating_jpmorgan_engagement_at/
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