Goldman raising $5 billion in public stock offer
Thursday, 25 September 2008

AP, NEW YORK -- Goldman Sachs will sell $5 billion worth of common stock to the public as part of a capital-raising plan that also includes Warren Buffett's investment of at least $5 billion.

Goldman Sachs Group Inc. says it has priced the offering of 40.65 million common shares at $123 apiece.
 
The offer is double the amount Goldman said Tuesday night it would raise as part of a plan to boost its capital cushion in the wake of the bankruptcy of fellow Wall Street firm Lehman Brothers.
 
Warren Buffett's Berkshire Hathaway is buying $5 billion in preferred stock and will receive warrants to purchase an additional $5 billion worth of common shares over five years.

Comments Add New
Write comment
Name:
Email:
  We don't publish your mail. See privacy policy.
Title:
Please input the anti-spam code that you can read in the image.