ValueAct Capital Raises Stake in Reuters Group plc (RTRSY) to 6.5%

In an amended 13D filing after the close on Reuters Group plc (Nasdaq: RTRSY), ValueAct Capital disclosed a 6.5% stake (88.55 million shares) in the company. This is up from the 5.2% stake (66.3 million shares) the firm disclosed in the original 13D filing earlier in the month.

The firm made no changes to the 'Purpose of Transaction' section of the filing which uses pretty standard language. The firm said they reserve the right to formulate other plans and/or make other proposals, and take such actions with respect to their investment in the Issuer, including any or all of the actions set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D, or acquire additional Common Stock or dispose of all the Common Stock beneficially owned by them, in the public market or privately negotiated transactions.