Insurance

Fidelity shares higher but hard to find

Thursday 16th of August 2007
Karl Trotter, who through his family trust is among the top five or six Fidelity equity holders, said he recently paid $82 per share for a small tranche of 800 shares, up substantially from the $72 offered by FMG in May.

FMG was aiming to lift its shareholding in Fidelity from 8% it already owned to 10% with its $72 per share offer in May. At the time, however, Trotter put out a counter-offer...

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