Fidelity boosts Maytag holding

Fidelity boosts Maytag holding
 
Date October 14, 2004
Section(s) Business
Brief  
 
NEWTON (AP) — Fidelity Management and Research Co. has boosted its ownership in Maytag Corp. to 10.9 percent of the outstanding shares.

Fidelity purchased 3.2 million shares of common stock. It now owns 8.7 million shares of Maytag, according to filings with the Securities Exchange Commission.

The Boston company, better known as Fidelity Investments, is the nation’s largest mutual fund manager with more than $903 billion under management.

Edward C. Johnson III and his family own the controlling interest in Fidelity.

Johnson also is the company’s chairman and chief executive.

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