BlackRock Takes $3.8 Billion Carpenter Technology Stake, Securing 12.5% Ownership

BlackRock Inc. acquired 6,216,560 shares of Carpenter Technology Corporation.

The investment is valued at approximately $3.83 billion according to a Securities & Exchange Commission filing.

This transaction grants BlackRock a 12.51% ownership stake in the specialty metals company.

Diversify Advisory Services LLC also established a new position in the firm on the same day.

The Diversify Advisory Services investment is valued at approximately $4.715 million.