3.4 million shares, or about 12% -- most of this I believe is in Fidelity Select Biotech. Looks like Fidelity Funds purchased its shares for an average price of $59.
here's the latest Fidelity 13D:
"Item 3. Source and Amount of Funds or Other Consideration.
The International Funds and accounts own 492,050 Shares, the
cost of which is $265,557,029.05. The International Funds used
their own assets in making such purchase and no part of the
purchase price is represented by borrowed funds. The attached
Schedule B sets forth Shares purchased and/or sold since October
20, 1998.
The Fidelity Funds own 2,826,790 Shares, the cost of which
is $166,023,789.07. The Fidelity Funds used their own assets in
making such purchase and no part of the purchase price is
represented by borrowed funds.
The Accounts of FMTC own 59,400 Shares, the cost of which is
$2,607,272.21. The Accounts of FMTC used their own assets in
making such purchase and no part of the purchase price is
represented by borrowed funds.
Item 5. Interest in Securities of Issuer.
Although Item 5 assumes that FMR, Fidelity, and FIL
beneficially own all 3,378,240 Shares, reference is made to Item
2 for a disclaimer of beneficial ownership with respect to the
securities which are "beneficially owned" by the other
corporations.
(a) FIL beneficially owns, as investment adviser or the
parent of the investment adviser to the International Funds and
accounts, 492,050 Shares, or approximately 1.72% of the
outstanding Shares of the Company. FMR beneficially owns, through
Fidelity, as investment advisor to the Fidelity Funds, 2,826,790
Shares, or approximately 9.90% of the outstanding Shares of the
Company, and through FMTC, the managing agent for the Accounts,
59,400 Shares, or approximately 0.21% of the outstanding Shares
of the Company. Neither FMR, Fidelity, FMTC, nor any of its
affiliates nor, to the best knowledge of FMR, any of the persons
name in Schedule A hereto, beneficially owns any other Shares.
The combined holdings of FMR, Fidelity, FMTC, and FIL are
3,378,240 Shares, or approximately 11.83% of the outstanding
Shares of the Company."
freeedgar.com
Note to AJAG -- also some folks, myself included, were disappointed there was no split announcement. Good buy, though. I'll be looking at the LEAPS this weekend. |
