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Fidelity cut athenahealth stake in half before Elliott takeover bid

Fidelity Investments sold off about half of its stake in the Watertown-based health care technology firm athenahealth in the months before the hedge fund Elliott Management announced its bid to acquire the company, according to a new securities filing.

As of the end of 2017, Fidelity was athenahealth’s (Nasdaq: ATNH) largest shareholder. The Boston-based investment giant owned 5.1 million shares — good for a 12.7 percent stake in the company — as of Dec. 29, according to Thomson Reuters data.…

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