Fidelity Seen as Muscling Investors Out of Upside in a Telecom Deal – The New York Times

As steward of a $5.2 trillion mutual fund and asset management empire, Fidelity Management and Research promises to treat investors fairly and put their interests first.

But as a private and controlling investor in the Colt Group, a small British telecom company, Fidelity is taking a decidedly different approach, some Colt shareholders say. They contend that the mutual fund giant is putting its own interests ahead of other Colt owners by forcing them to accept its buyout offer for the company at a bargain-basement price.

via Fidelity Seen as Muscling Investors Out of Upside in a Telecom Deal – The New York Times.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s