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Bill Gates ups CN Rail stake to 12%


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http://business.financialpost.com/2012/12/12/bill-gates-ups-cn-rail-stake-to-12/

 

Bill Gates has increased his overall investment in Canadian National Railway Co. to 12% for a combined value of roughly $4.7-billion.

 

Cascade Investment LLC, a Kirkland, Wash., investment company owned and controlled by the billionaire Microsoft founder, said Tuesday it had acquired an additional 13,670 common shares in CN for $1.25-million. The additional shares brings Cascade’s overall stake the country’s largest railway to 10% of its outstanding shares, or roughly 43 million shares.

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