Bill Gate’s Investment Groups Boosts Stake in AutoNation (AN) to 10%
November 24, 2008 by Douglas A. McIntyreAfter the close Friday, Bill Gate’s 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.
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