Posted on Tuesday, April 25 2006 @ 23:10 CEST by Thomas De Maesschalck
CNN
reports Bill Gates now holds a 25.5 percent stake in Pacific Ethanol.
Gates acquired 5.25 million shares convertible preferred stock on April 13 for $16 per share, the filing said. Those shares are convertible to 10.5 million shares of common stock.
Pacific Ethanol is building an ethanol production facility in California and said in late March it hoped the deal with Cascade Investment, Gates's investment vehicle, would close by mid-April.
