Investment office of Gates Foundation Trust opposes trash deal
Associated Press - July 19, 2008 1:35 AM ET
SEATTLE (AP) - The investment office that manages the assets of the Bill & Melinda Gates Foundation Trust says it would not support Waste Management Inc.'s bid to buy a rival trash hauler.
BGI owns 15.6% of Republic Services Inc., which was the target of an unsolicited $6.19 billion cash offer made by Waste Management earlier this week. BGI also owns 2.3% of Houston-based Waste Management.
The Bill & Melinda Gates Foundation Trust is separate from the Bill & Melinda Gates Foundation.
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