Fidelity becomes Starbucks' largest shareholder
July 13, 2009
Seattle Post-Intelligencer: Fidelity recently upped its stake in Starbucks to 10.58 percent, pushing the mutual fund past Morgan Stanley as the coffee chain's biggest shareholder.
The July 10 move more than doubled Fidelity's shares from about 30 million to 77.8 million.Morgan Stanley owned 51.6 million shares of Starbucks as of March 31.
