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.

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