InvestorsHub Logo
Followers 23
Posts 4515
Boards Moderated 0
Alias Born 07/07/2002

Re: None

Sunday, 03/08/2009 8:26:17 PM

Sunday, March 08, 2009 8:26:17 PM

Post# of 704019
Bill Gates' foundation dumps shares in Warren Buffett's Berkshire

The Bill and Melinda Gates Foundation sold 36,056 Class B shares of Berkshire Hathaway Inc. (BRKA, BRKB), the holding company run by famed value investor Warren Buffett.
According to a filing with the Securities and Exchange Commission, the Gates Foundation sold the shares from Jan. 5 through Thursday for a total of $99.7 million, or $2,766.66 a share. Berkshire Hathaway's Class B shares closed on Friday at $2,327.
In 2006, Buffett donated $30 billion in Berkshire stock to the Gates Foundation, created by Microsoft Corp. (MSFT:Microsoft Corporation founder Bill Gates and his wife.
Each Class A Berkshire share is convertible, at the option of the holder, into thirty shares of Class B stock.

http://www.marketwatch.com/news/story/Bill-Gates-foundation-dumps-shares/story.aspx?guid=%7B5D591D59%2D52F9%2D4D73%2DA3EA%2DE8FD27326C0B%7D&dist=SecMostRead

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.