Canadian crude-by-rail exports bounce back in March as pipeline capacity limited
Stakeholders gear up for next round in CN-KCS merger process
Light-rail network not a sure thing in Hamilton, Ontario
CN, KCS Voting Trust Review Moves Ahead; CP Fires Another Salvo
$C 757.1m Scarborough Subway Extension tunnelling contract awarded
For CN-KCS Merger Proposal, Support Growing
Northern Ontario passenger rail service to be studied
Timetable for CN and KCS merger review revealed
Watco to acquire rail assets at six Dow sites
Canadian Pacific, Kansas City Southern Will Merge into “The First USMCA Railroad,” CPKC
Microsoft co-founder and billionaire Bill Gates is giving soon-to-be ex-wife Melinda Gates 14.1 million shares of Canadian railway CN (NYSE: CNI), according to a Monday filing to the U.S. Securities and Exchange Commission and various news reports.
Bill and Melinda Gates announced the end of their 27-year marriage via Twitter on Monday.
According to the Monday filing, Bill Gates owned 87.3 million shares through Cascade Investment, Gates’ holding company. He jointly owned with Melinda Gates through the Bill and Melinda Gates Foundation Trust an additional 13.9 million shares.
CN’s 2021 management circular dated March 9 describes Bill Gates as having 14% of CN’s shares or 16% of CN’s shares including the trust. Through Cascade, Bill Gates is considered CN’s largest shareholder.
The Financial Post estimates that the CN shares given to Melinda Gates are worth about $1.5 billion. Bill Gates also gave her 2.9 million shares of AutoNation, worth about $310 million, putting the total given to Melinda Gates at more than $1.8 billion, according to The Wall Street Journal.
This article first appeared on s29755.pcdn.co
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.