SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Smiling Bob who wrote (149622)9/23/2008 6:52:47 PM
From: Roads EndRead Replies (2) of 306849
 
``The investment will further bolster our strong capitalization and liquidity position,'' Blankfein, 54, said...

so why would Goldman need to pay 10% dividend to Berkshire if they are soooo strong? And warrants below tody's closing price to boot. wtf

Berkshire will receive preferred stock with a 10 percent dividend that can be called at any time at a 10 percent premium, the statement said. Berkshire will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, exercisable at any time in five years.

bloomberg.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext