John Cotton, an Arizona businessman,told the Securities and Exchange Commission he has acquired the
equivalent of 213,500 shares of Class A common shares in Del E.
Webb Investment Properties, or 8.9 pct of the total.
    Cotton, president of Finalco Group Inc, a Paradise Valley,
Ariz., data processing equipment maker, said he bought the
stake, which includes warrants to buy 186,300 shares, for
266,958 dlrs.
    The warrants are exerciseable at 9.50 dlrs a share, he
said. Cotton said it bought the stock for investment purposes
only.
 Reuter
