Fidelity Purchases Shares of Goldcorp Inc.
BOSTON, May 25 /CNW/ -- Fidelity Management & Research Company and
Fidelity Management Trust Company, of 82 Devonshire Street, Boston,
Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane,
Pembroke, Bermuda (hereinafter referred to as "Fidelity") announce that
certain fund accounts for which Fidelity serves as investment adviser have
purchased 532,000 shares of Goldcorp Inc. common stock. Fidelity has control
but not ownership of these shares. As a result of the purchase, Fidelity
holds 10,807,058 shares (or 13.19%) of Goldcorp Inc.'s common stock.
Fidelity's purchase of Goldcorp Inc.'s common stock was executed on the
Toronto Stock Exchange.
Fidelity fund account purchases have been made for investment purposes
only, and not with the purpose of influencing the control or direction of
Goldcorp Inc. The Fidelity fund accounts may, subject to market conditions,
make additional investments in or dispositions of securities of Goldcorp Inc.,
including additional purchases of shares of common stock. Fidelity does not,
however, intend to acquire 20% of any class of the outstanding voting or
equity securities of Goldcorp Inc.
-30-
For further information: Kim Flood, Director, Corporate Communications
of Fidelity Investments Canada Ltd., 416-217-7566 |
