dChan
Anonymous ID: fb01f0 May 19, 2020, 8:07 a.m. No.9237763   🗄️.is 🔗kun

PNC Bankcorp has converted Class B to Class A shares in preparation for sale: $14.22b-May15

 

Each share of Series B Preferred Stock of BlackRock, Inc. ("BlackRock") converted into a share of Common Stock upon its transfer. Upon consummation of the two sales of Common Stock reported herein, PNC Bancorp, Inc. holds 500,000 shares of Common Stock of BlackRock.

This is the first step to disposal/sale in the open market or perhaps in a darkpool transaction

 

from May 11th, 2020

BlackRock's top investor PNC Financial to sell entire stake

PNC Financial Services Group Inc (PNC.N) plans to sell its entire 22% stake in the world’s largest asset manager BlackRock Inc (BLK.N), the U.S. bank said on Monday, exiting one its most attractive investments after more than two decades. PNC, BlackRock’s largest shareholder, will sell its common and preferred shares in a secondary offering and BlackRock will repurchase $1.1 billion in common shares, assuming the sale goes well. The Pittsburgh-based lender currently owns about 35 million shares in the asset manager, which is valued at roughly $17.3 billion, based on BlackRock’s last close on Monday, according to Reuters calculation. It also holds preferred shares. The divestment puts an end to longstanding questions about when PNC would sell its lucrative position that had over time become a burden amid tighter capital regulation.

https://www.reuters.com/article/us-pnc-finl-svc-divestiture-blackrock-idUSKBN22N30O

https://www.finviz.com/insidertrading.ashx?oc=938766&tc=7&b=2

Anonymous ID: fb01f0 May 19, 2020, 8:24 a.m. No.9237937   🗄️.is 🔗kun

>>9237859

that one is a drone most likely.

ADS-B has been a bit fickle the last few days but it's only as good as the data it receives.

Have seen that represent calibration markers, P-8's and drones and the odd smaller fixed-wing AC