Bull is Beautifull !
Enviado: 23/9/2008 23:37Berkshire to invest at least $5 bln in Goldman Sachs
By Alistair Barr
Last update: 5:58 p.m. EDT Sept. 23, 2008
SAN FRANCISCO (MarketWatch) -- Berkshire Hathaway the insurance focused conglomerate run by Warren Buffett, agreed late Tuesday to invest at least $5 billion in Goldman Sachs. Berkshire is buying $5 billion of perpetual preferred stock in the investment bank. The preferred stock has a dividend of 10% and is callable at any time at a 10% premium. Berkshire Hathaway will also get warrants to purchase $5 billion of Goldman common stock with a strike price of $115 each. Buffett can exercise these at any time over five years, Goldman said in a statement. Goldman also said it's raising at least $2.5 billion by selling common stock in a public offering.
Amanha é dia de tourada !
By Alistair Barr
Last update: 5:58 p.m. EDT Sept. 23, 2008
SAN FRANCISCO (MarketWatch) -- Berkshire Hathaway the insurance focused conglomerate run by Warren Buffett, agreed late Tuesday to invest at least $5 billion in Goldman Sachs. Berkshire is buying $5 billion of perpetual preferred stock in the investment bank. The preferred stock has a dividend of 10% and is callable at any time at a 10% premium. Berkshire Hathaway will also get warrants to purchase $5 billion of Goldman common stock with a strike price of $115 each. Buffett can exercise these at any time over five years, Goldman said in a statement. Goldman also said it's raising at least $2.5 billion by selling common stock in a public offering.
Amanha é dia de tourada !