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Forums » Gates Wins in Cox Deal » 1 Billion - where's the math here?
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needforspeed59
Cruise Ship Just Passing Through

join:2001-05-02
Glendale, AZ
reply to SLD
Re: 1 Billion - where's the math here?

It probably means he owns 5.7% of the stock. Multiply that times the buyout offer. Of course, you would have to know the number of shares of Cox are issued.
--
Of all the people I know... you're one of them.


dk1983

join:2003-10-18
Boise, ID
clubs:
·Qwest.net

  Someone has to take 3 seconds to click on the link and read it. If they had they would clearly see

Gates, chairman of Microsoft Corp. (Nasdaq: MSFT), owns 33.8 million shares of Cox Communication's class A stock (NYSE: COX), or 5.7 percent of the company, according to the most recent Securities and Exchange Commission filings. At Cox's initial offer of $32 a share, Gates' stake would be worth $1.08 billion.
Forums » Gates Wins in Cox DealHooray! »


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