- Warren Buffett: Why Fight When You Can Take the Money And Run?
- Taking On Dr. Doom: Warren Buffett's 'Buy and Hold' Strategy Is Alive and Well
- Berkshire Hathaway Shares Bounce Back Above $100,000
- Buffett's Bank Bets "Paying Off" - Bloomberg
- Warren Buffett Tops Business Week's Ranking of American Philanthropists
- Warren Buffett Promises More Info On Berkshire's Derivatives In Annual Report
- Barron's: Berkshire Hathaway's Stock Price Plunge Finally Makes It "Cheap" Again
- Berkshire Hathaway Bounces Back By 16% For Best Day In Decades
- Berkshire Hathaway Subsidiary Keeps Coachmen Alive By Acquiring RV Business
- USG Shares Soar On Warren Buffett's "Expression of Confidence"
- Lightning Round: Microsoft, Motorola, NYSE and More
- Lightning Round OT: Hertz, Textron and More
- Mad Mail: Cramer's Plan for the SEC
- The Plaxico Burress Good Judgment Award
- Cramer's Call on Celgene
- Your First Move For Thursday December 4th
- Web Extra: Fast & Furious Trades For Thursday
- Cramer's M&A Plays
- Retailers Move Market?
- <Headline>Euro Stocks to Open Flat before Rate Decisions</Headline>
- Nomura to Cut Up to 1,000 Positions in London
- Capital One to Purchase Chevy Chase
- Australia Economy Injured as Vehicle Sales Crash
- <Headline>Japan Faces Deep Recession, Central Banks Cut Rates</Headline>
- Banks Throw Babcock & Brown a Lifeline
- Japan Capex Data Signals Downward Revision in GDP
- Japan's Nippon Oil, Nippon Mining Plan to Merge
- Asian Markets Are Mixed, Focus on Central Banks
Text Size 
 |
Seth Wenig / AP Bill and Melinda Gates pose with Warren Buffett after their 2006 news conference announcing Buffett's intentions to give the bulk of his fortune to the Gates Foundation. |
In a filing with the SEC, the Bill & Melinda Gates Foundation Trust reveals it has adopted a written sales plan to sell 550,000 of the 975,000 Berkshire Hathaway Class B shares it now owns.
At today's closing price of just under $4348, those 550,000 shares are worth almost $2.4 billion and the total holdings are worth over $4.2 billion.
The sales are planned for a three-year period starting April 1 this year. The filing also says the sales plan can be canceled at any time.
Why? "To facilitate the Trust’s compliance with federal excise tax rules limiting excess business holdings by private foundations."
The Gates Foundation, will be getting more shares, however, as Buffett continues his annual gifts. The AP notes that "Buffett is expected to give 451,250 Class B shares to the foundation this summer as part of his overall pledge to donate 10 million shares."
Current Berkshire Class A price: [US;BRK.A
Loading...
()
]
Current Berkshire Class B price: [US;BRK.B
Loading...
()
]
Questions? Comments? Email me at
Recent Warren Buffett Watch Posts |
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes