Carlson Capital Amends Magnera Stake Filing
Ticker: MAGN · Form: SC 13D/A · Filed: Nov 6, 2024 · CIK: 41719
Sentiment: neutral
Topics: 13d-amendment, ownership-change, activist-filing
Related Tickers: MCR
TL;DR
Carlson Capital just updated their Magnera stake filing - big move incoming?
AI Summary
On November 6, 2024, Carlson Capital, L.P. filed an amendment (No. 6) to its Schedule 13D regarding Magnera Corporation. The filing indicates a change in beneficial ownership, with Carlson Capital, L.P. now holding a significant stake in Magnera Corporation.
Why It Matters
This filing signals a potential shift in control or influence over Magnera Corporation by a significant investment firm, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor intentions or significant strategic shifts, introducing uncertainty.
Key Players & Entities
- Carlson Capital, L.P. (company) — Filing entity
- Magnera Corporation (company) — Subject company
- Glatfelter Corp (company) — Former company name of Magnera Corporation
- ASGARD INVESTMENT CORP. II (company) — Group member
- BLACK DIAMOND OFFSHORE LTD. (company) — Group member
- CLINT D. CARLSON (person) — Group member
- DOUBLE BLACK DIAMOND OFFSHORE LTD. (company) — Group member
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 6?
The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific percentage or number of shares acquired or disposed of is not detailed in the provided header information.
When was the previous filing made by Carlson Capital, L.P. regarding Magnera Corporation?
The provided text does not specify the date of the previous filing, only that this is Amendment No. 6 filed on November 6, 2024.
What is the business address of Magnera Corporation?
Magnera Corporation's business address is 9335 Harris Corners Pkwy, Suite 300, Charlotte, NC 28269.
What is the SIC code for Magnera Corporation?
The Standard Industrial Classification (SIC) code for Magnera Corporation is 2621, which corresponds to PAPER MILLS.
Who are the listed group members associated with this filing?
The listed group members are ASGARD INVESTMENT CORP. II, BLACK DIAMOND OFFSHORE LTD., CLINT D. CARLSON, and DOUBLE BLACK DIAMOND OFFSHORE LTD.
Filing Stats: 1,969 words · 8 min read · ~7 pages · Grade level 6.2 · Accepted 2024-11-06 20:09:57
Key Financial Figures
- $0.01 — tion (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
Filing Documents
- d824794dsc13da.htm (SC 13D/A) — 113KB
- 0001193125-24-252333.txt ( ) — 115KB
From the Filing
SC 13D/A 1 d824794dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* Magnera Corporation (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of Securities) 55939A107 (CUSIP Number) Carlson Capital, L.P. Attn: Rahim Ibrahim 2100 McKinney Avenue, Suite 1900 Dallas TX 75201 (214) 932-9600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 4, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 55939A107 SCHEDULE 13D 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Carlson Capital, L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) AF 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 284,750 9. Sole Dispositive Power 0 10. Shared Dispositive Power 284,750 11. Aggregate Amount Beneficially Owned by Each Reporting Person 284,750 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 0.81% 14. Type of Reporting Person (See Instructions) PN, IA CUSIP No. 55939A107 SCHEDULE 13D 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Double Black Diamond Offshore Ltd. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 275,520 9. Sole Dispositive Power 0 10. Shared Dispositive Power 275,520 11. Aggregate Amount Beneficially Owned by Each Reporting Person 275,520 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 0.78% 14. Type of Reporting Person (See Instructions) CO CUSIP No. 55939A107 SCHEDULE 13D 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Black Diamond Offshore Ltd. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 9,230 9. Sole Dispositive Power 0 10. Shared Dispositive Power 9,230 11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,230 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 0.03% 14. Type of Reporting Person (See Instructions) CO CUSIP No. 55939A107 SCHEDULE 13D 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Asgard Investment Corp. II 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) AF 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 284,750 9. Sole Dispositive Power 0 10. Shared Dispositive Power 284,750