Sunday, July 12, 2009

Fidelity Boosts Starbucks Stake, Becoming Top Holder

July 10 (Bloomberg) -- Starbucks Corp. stockholder Fidelity Investments more than doubled its stake to 10.58 percent, making it the biggest investor in the world’s largest coffee-shop chain.
Fidelity raised the number of shares it owns in Starbucks to 77.8 million, according to a regulatory filing today. Fidelity, the world’s biggest mutual-fund company, held 29.2 million shares of the coffee-shop chain as of March.

Read more:
http://www.bloomberg.com/apps/news?pid=20601205&sid=aoCGm8mNalhI

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