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Prospect News home > News index > List of issuers T > Headlines for Tootsie Roll Industries, Inc. > News item
Published on 12/11/2008 in the Prospect News Special Situations Daily.

Wells Fargo slashes stake to less than 5% in Tootsie Roll

By E. Janene Geiss

Philadelphia, Dec. 11 - Wells Fargo & Co. reduced its investment to less than 5% in Tootsie Roll Industries, Inc. as of Nov. 30, according to an SC 13G/A filing with the Securities and Exchange Commission.

Those holdings are down significantly from the passive stake of 9.21%, or 3,320,283 shares, first reported on Dec. 31, 2007, according to an SC 13G filing.

Tootsie Roll is a Chicago confectionary company.


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