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Gates Foundation to Sell 60 Million Berkshire Shares in New Plan

  • Foundation uses proceeds for health, education programs
  • Three-year plan replaces sales program that ends June 30

The foundation started by billionaire Bill Gates and his wife intends to sell 60 million Class B shares of Warren Buffett’s Berkshire Hathaway Inc. from July 1 of this year through June 30 of 2020.

The plan will replace a three-year program that began in 2014 and ends on June 30, the Bill & Melinda Gates Foundation said in a regulatory filing Tuesday.