All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: IceShark who wrote (23131)	4/5/2000 9:22:00 AM
From: MythMan	Read Replies (1) of 42523

Wednesday April 5, 9:15 am Eastern Time Goldman Sachs registers 40 mln secondary shares NEW YORK, April 5 (Reuters) - Goldman Sachs Group Inc. (NYSE:GS - news) said on Wednesday that it had filed with the U.S. Securities and Exchange Commission to register for resale up to 40 million shares of common stock that will become transferable a year after its initial public offering. About 30 million shares held by retired limited partners will become available for sale on May 8. In June about 10 million shares relating to the firm's IPO awards will be deliverable to employees, the investment banking firm said. Goldman Sachs said it may facilitate the sale of shares in underwritten public offerings, in brokerage transactions on stock exchanges or in block transactions. Goldman Sachs will not receive any of the proceeds from the sale of these shares. --------------------------------------------------------------------------------

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