Sep 24 2008
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“ Berkshire will buy $5 billion of perpetual preferred stock that carries a 10 percent dividend. It also will receive warrants to buy $5 billion of common stock, or 43.5 million shares, at $115 per share, within five years, which could give it a roughly 9 percent stake in Goldman. Goldman also plans to sell at least $2.5 billion of common stock in a public offering. The company averaged 448.3 million common shares outstanding in the quarter ended Aug 29.
