Is that from ChatGpt? If so not an entirely reliab

Is that from ChatGpt? If so not an entirely reliable source.

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If LSEg is reporting an increase in institutional holdings (e.g., from 0% to 20%) before the transaction has officially closed and the shares have transferred, it likely means that LSEg has access to information or data related to the pending transaction that is not yet reflected in the SEC filings.

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A pending transaction is just that and Refinitiv reporting it would be false and they are unlikely to do so at the risk of lawsuits.

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1. Contractual Commitments:
• The acquiring party may have already committed to purchasing the shares under a binding agreement, even though the transfer hasn’t happened yet. This is common in mergers or acquisitions, where the buyer has agreed to acquire a certain percentage of shares but is still waiting on regulatory approval or other conditions.

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The statement says it all. A commitment is not shares in hand and the deal may fall through.

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2. Block Trades or Private Transactions:
• Sometimes, shares can be bought or sold in large private transactions or block trades ahead of the public announcement or completion of the transaction. These may not trigger the usual public filings like 13D/13G until the deal is officially completed, but they can still affect ownership percentages in institutional reporting platforms.

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There is no exemption from 13D/13G filing for private transactions or block trades.

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3. Advanced Data Access:
• Certain institutional platforms (like Refinitiv or Bloomberg) might report on pending or unreported changes in share ownership based on private data or informal updates. These platforms often have access to more detailed data, including information about pending deals, which could reflect changes in institutional holdings before the official SEC filing is made.

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They might if they have no integrity or fear of lawsuits or SEC actions.