Article from Waste & Recycling News
REFUSENICK by John Campanelli
Wikimedia Commons Bill Gates’ Cascade Investment LLC now owns more than 24% of Republic Services outstanding stock.
One of Republic Services Inc.’s biggest fans is also one of the world’s richest men.
Over the past week, Gates (through his Cascade investment arm) has purchased more than 2.7 million more shares and now owns 89.6 million shares of the Phoenix-based trash company. Those shares represent more than 24% of the company’s outstanding stock and they are worth about $2.45 billion.
What’s the Microsoft co-founder’s attraction to Republic? What’s his end game? What does he see?
I’ll leave that to the financial experts. All I know is that they better be running Windows on all of Republic’s computers.