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Gates Investment Firm Cuts Calif.-Based Ethanol Producer Pacific Ethanol Inc (PEIX)

Posted by Munish | # |
02:38:43 am on July 15, 2008

Cascade Investment LLC, the investment firm of Microsoft Corp. Founder and Chairman Bill Gates, pared its investment in Sacramento, Calif.-based ethanol producer Pacific Ethanol Inc. In early May, it unloaded 9.5 million out of 41.8 million outstanding shares. Again, in June, it sold 1 million shares, according to a statement of changes in beneficial ownership filed through the U.S. Securities and Exchange Commission.

Tags: bill gates, Ethanol, Pacific Ethanol, psix

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