Bill Gates Continues To Aggressively Build Stake in Republic Services (RSG)
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Microsoft founder Bill Gates continues to build his stake in Republic Services Inc. (NYSE: RSG). A filing after the close showed that Gates bought another 600,000 shares on 1/30 which brings his stake to 44,394,569 shares. Gates owns the shares through his Cascade Investments fund.
Gates' Cascade held 34,873,836 shares at the qurter ended September 30, 2008, which indicates he has bought over 9.5 million shares since that time.
Last summer, Republic Services rejected a $37 per share overture from Waste Management, Inc. (NYSE: WMI) , instead merging with Allied Waste Industries.
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