Melinda French Gates Sells Large Chunk of Canadian National Railway Stock
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Melinda French Gates sold a large chunk of her investment in Canadian National Railway, and although she still has a substantial investment in the railway, her ownership level is now below a regulatory reporting threshold.
French Gates sold 3.7 million Canadian National (ticker: CNI) shares from Dec. 9-16 for $467 million, an average price per share of $127.84. According to a regulatory form filed by Cascade Investment, the vehicle of her former husband, Microsoft (MSFT) co-founder Bill Gates, French Gates now owns 20 million...