The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Is a Small Sale by Fidelity the Start of a New Diet? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 28, 2010

Is a Small Sale by Fidelity the Start of a New Diet?

News summary by MFWire's editors

FMR LLC, the parent company to Fidelity Investments, is going on a diet. OK, it is a small diet. The Boston Globe reports that FMR is selling its stake in Sebastians to LPM Holding Co. (Maynard, Massachusetts).

For those outside of Boston and not in the know, Sebastians operates a chain of five cafes that sell soups, salads, sandwiches and what the paper characterizes as "other quick-service food for breakfast and lunch."

With only 100 employees, the cafe-chain was hardly the pepper in the Fidelity Investments soup and it is unlikely to be missed. The sale, which is expected to close by the end of June, may be more meaningful in what it signals if it is part of a refocusing by Fidelity on its core mission.

The holding was one of roughly a dozen owned by Devonshire Investors, reports the paper.  

Edited by: Sean Hanna, Editor in Chief

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use