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Legal & General Acquires $1.874B Stake in IBM

Guavy AI Editorial Team
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IBM
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Legal & General Group Plc recently acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The institutional investor acquired 6,666,667 shares of the technology company's stock, valued at approximately $1.874 billion.

This purchase makes Legal & General Group Plc the owner of 0.71% of International Business Machines' outstanding shares.

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