Wednesday, September 24, 2008

Buffett Bought Shares of Goldman Sachs 5 Billions U.S. Dollars

Warren BuffettGoldman Sachs said Tuesday, Warren Buffett's Berkshire Hathaway agreed to buy the stocks of Goldman Sachs, whose total aount is up to 5 billions U.S. dollars.

According to the report, Berkshire Hathaway will spend 5 billions dollars on Goldman Sachs long-term preferred stock, and the dividend is 10%. The company also received stock options, can buy 5 billions U.S. dollars of common stock in 115 U.S. dollars per share.

Originally Posted: China Business Daily
Author: Angulo Fu