<< Read Full Article

Buffett Deal, Stock Sale Nets Goldman $10B

Stock quotes in this article: BRK.A , GS  

Updated from Sept. 23

Goldman Sachs (GS Quote) on Wednesday priced a $5 billion public offering, doubling the amount of common shares it said it would sell the night before.

The firm plans to sell 40.65 million common shares at $123 per share. The firm had said Tuesday evening, in announcing an investment of up to $10 billion by Warren Buffett's Berkshire Hathaway (BRK.A Quote), that it would raise at least $2.5 billion through a public equity offering.

Goldman has the option to issue an additional 6.1 million common shares if there is enough demand. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services