Q: I noticed BlackRock filed a report with the SEC that it held 16 million shares of CAE. Is there any significance
to this that you might know of?
to this that you might know of?
5i Research Answer:
Blackrock owned a couple of hundred thousand shares and then on Dec 31 bought more than 16 million, for a 5.2% stake. BLK is widely followed, and it is certainly a vote of confidence from a large player. CAE shares have not done what many had expected of them, so it is possible that BLK tries to get involved here, with a board seat request or other measures. But so far, no action has been taken, at least publicly.