| Non-Tech : PFX | | PFX 43.33 | -2.8% | Feb 2 12:20 PM EST |
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Here is the information on the Rainwater investment from the news release.
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In connection with this possible strategic alliance, Goff Moore reported on a Schedule 13G filed with the Securities and Exchange Commission on March 8, 1999 that it holds 5.7% or 306,075 shares of Pilgrim stock.
The Pilgrim shares owned by Goff Moore were acquired in the open market and from Pilgrim's CEO, Robert W. Stallings and Pilgrim's CFO, James R. Reis. Stallings reported that he sold 60,000 shares and Reis reported he sold 20,000 shares to Goff Moore. The shares sold by Stallings and Reis represent a small part (less than 10% each) of their total holdings in Pilgrim.
John Goff, the managing director of Goff Moore said, "Pilgrim is an extremely well-managed company with an infrastructure uniquely positioned for growth. In addition to being supportive shareholders, we look forward to exploring ways to leverage our combined investment experience."
Robert W. Stallings, Pilgrim's Chairman, CEO and President said "I have known John Goff and Richard Rainwater for more than 10 years. I am pleased to be affiliated with one of the nation's premier investment firms. The strategic alliance of Pilgrim and Goff Moore combines the unique investment disciplines of both organizations."
Goff Moore Strategic Partners, L.P. was formed in 1998, as the primary ongoing investment vehicle for Fort Worth investor Richard E. Rainwater as well as the partnership's principals.
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