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Just a week after disclosing plans to make a big investment in Goldman Sachs (GS Quote), Warren Buffett is placing another bet on a depressed stock, this time General Electric (GE Quote).
GE said Wednesday that it has reached an agreement to sell $3 billion of perpetual preferred stock in a private offering to Buffett's Berkshire Hathaway (BRK-A Quote). At the same time, GE plans to offer at least $12 billion of common stock to the public.
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