BOSTON (Reuters) - A responsible-investment arm of Canada’s Bank of Montreal sold roughly $275 million worth of Microsoft Corp shares because of the company's recent U.S. Army contract for augmented reality headsets, a bank spokesman said on Friday.
BMO's responsible investment managers worried that the $22 billion Army contract Microsoft won in March moves the technology from a proof-of-concept phase to a battlefield-ready product outside its investment strategies' mandate, BMO representatives said.
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