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Gates Foundation doesn't support Republic purchase



By AP
18 July 2008 @ 02:59 pm EST

SEATTLE - 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.

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Quotes
WMI 29.78 -1.61
RSG 25.25 -1.78
AW 9.2 -0.92

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BGI owns 15.6 percent 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 percent of Houston-based Waste Management.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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