Bill Gates' Investment Groups Boosts Stake in AutoNation (AN) to 10%
More News related to AN
- AutoNation Announces Fourth Quarter and Full Year 2009 Earnings Conference Call and Audio Webcast Scheduled for Thursday, February 11, 2010
- AutoNation (AN) FIles 8-K Regarding Toyota's (TM) Agreement with ESL Investments
- AutoNation (AN) Reports Mixed Q3 Results; Announces Added $250M Buyback
- Trading Radar for 10/29: Exxon (XOM), Motorola (MOT), Waste Management (WM) Report
- Traders Cheering AutoNation (AN), Penske (PAG) Upgrades; Stocks Up 5%+
More News related to Insiders' Blog
- Sprint (S): Q4 Earnings Preview
- NYSE Euronext (NYX) Beats the Street's Q4 Views on Both the Top and Bottom Lines
- Q1 Earnings Preview: Walt Disney (DIS)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- Airline Stocks Taking-Off as UAL Reports Strong Monthly Traffic Results; Investors Shrug at Flight Delays (UAUA, DAL, LUV, AMR, more)
After the close Friday, Bill Gates' Cascade Investment and the Bill & Melinda Gates Foundation disclosed they raised their stake in AutoNation, Inc. (NYSE: AN) to 10%, or 17,757,788 shares. The Gates' groups held a 5.5% stake, 9,903,588 shares, as of July 17, 2008, according to the original 13G filing. A 13G indicates a passive investment of 5% or greater.
Eddie Lampert's ESL Partners also disclosed that he raised his stake in AutoNation to 45%, or 79,587,656 shares.
Between the two, they own 55% of the shares outstanding of AutoNation, which has been absolutely hammered by the anemic auto sales. Shares of AutoNation are down nearly 60% YTD, closing at $6.45 on Friday.
Related Categories
13GsInsiders' Blog
Trader Talk
Stocks Mentioned
+0.35Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
