GF
Appears that funds are following Buffet's example. Wouldn't be surprised to see more announcements in the near future. Bodes well for Ag, PFG & FAN.
Agree, too early for SDD.
Rick
FIDELITY PURCHASES SILVER STANDARD RESOURCES INCORPORATED COMMON STOCK AND WARRANTS
BOSTON, Feb. 11 /CNW/ -- Fidelity Management & Research Company
("FMR"), 82 Devonshire Street, Boston, Massachusetts, announced that certain
open-end investment companies of which FMR serves as investment manager have
in recent transactions purchased Silver Standard Resources Incorporated Common
Stock and Warrants. Assuming conversion of the Warrants, the investment
companies hold in the aggregate, 10.44% of the issued and outstanding voting
securities of Standard Resources Incorporated.
Fidelity fund purchases have been made for investment; the Fidelity funds
may, subject to market conditions, make additional investments in or
dispositions of securities of Standard Resources Incorporated in the future,
including additional purchases of both the Warrants and Common Stock. FMR
does not, however, intend to acquire 20% of any class of the outstanding
voting or equity securities of Standard Resources Incorporated.
-0- 01/11/98 |
