Microsoft Money for Ethanol

Cindy Zimmerman

Pac Eth Over one quarter of Pacific Ethanol is now owned by Microsoft mogul Bill Gates. According to Reuters, Gates acquired 5.25 million shares convertible preferred stock on April 13 for $16 per share. 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. Darn close.