国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Bill Gates agrees to pay for stock-rule violations
(Agencies)
Updated: 2004-05-04 14:28

U.S. antitrust regulators say Microsoft Corp chairman Bill Gates has agreed to pay $800,000 for violating premerger regulations in two past stock purchases.

U.S. antitrust regulators said on May 3, 2004 that Microsoft Chairman Bill Gates had agreed to pay $800,000 for violating pre-merger regulations in stock acquisitions in 2001 and 2002. The Federal Trade Commission said the violations stemmed from Gates' acquisition of voting securities of Republic Services Inc. and ICOS Corp. Gates is seen addressing a conference in San Francisco on February 24. [Reuters]

The U.S. Federal Trade Commission said on Monday Gates failed to notify antitrust officials properly about his acquisition of voting securities of Republic Services Inc. in 2001 and ICOS Corp. in 2002. Mark Beatty, the general counsel for Gates' private investment fund, said in a statement the problem was the result of a mistake and Gates was never personally involved in the transactions.

Gates bought shares in trash-hauling company Republic Services in November 2001. The transaction put his holdings over a 10 per cent threshold requiring antitrust notification, the commission said. But Gates failed to notify antitrust authorities, believing he was exempt from the requirement because the acquisition was for investment purposes only. Gates later made a corrected filing in the case, and the commission declined to seek any penalties.

Six months later, however, Gates bought shares in ICOS, co-maker of impotence treatment Cialis, according to the commission. Once again Gates thought he was exempt.

Close

Today's Top News     Top World News
Henan using traditional medicines to fight AIDS         Germany adheres to 'one China' policy         Funds for poor areas to surge this year         Basic Law distortion led NPC to step in         3 engineers killed in car bomb in Pakistan         U.S. troops reprimanded for prison abuses	Iraqi militiamen clash with U.S. troops       Israeli army raids Gaza, Sharon to amend pullout plan       Iraqi prisoner details abuse by Americans       US seeks steps for Cuba 'regime change'       DPRK condemns US battle exercise with DPRK as alleged enemy       11 troops die in Iraq; contractor escapes