Warren Buffett, shown at a shareholders meeting earlier this year, described Goldman Sachs as having an "unrivaled global franchise." (Carlos Barria/Reuters)
In return, Berkshire Hathaway, the conglomerate run by Buffett, will receive perpetual preferred shares in Goldman Sach, said the spokesman, Lucas Van Praag. The preferred stock will pay a 10 percent dividend.
Wednesday, September 24, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment