Exact(15)
Suddenly there were lines waiting to buy units sight unseen.
Investors buy units in a unit trust, which is managed by a fund management company.
At least three have signed contracts to buy units there, Ms. Field said.
"Karen had to buy units at a higher price because the market was rising," he says.
The move comes as KPNQwest said it would buy units of Global TeleSystems Inc. for $580 million.
But he cited one potential consolation: many former members, including himself, "are on the list to buy units".
Similar(45)
Several veterinary clinics have bought units, as well.
A few, Mr. Bracichowicz said, maintain century-old rules against buying units with bank financing.
As a result, Mr. Geller said, his clients bought units they otherwise would not have.
Questor Partners Fund, based in Southfield, specializes in buying units of large companies.
According to Davison, two children of its original residents have now either bought back into the scheme or are in the process of buying units of their own.
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