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2013-04-01 — wallstreetexaminer.com
Goldman also benefits. The investment bank avoids a flood of sell-side shares that would have been dilutive. It also gets to include the revered name of Warren Buffett to its shareholder roster.
... It could be that Buffett's real motive wasn't to hold a huge stake in Goldman, but to save money. Berkshire would have had to spend about $5 billion to exercise the warrants and sell the shares to get a profit. Under the new deal, Berkshire is "risking less money," [said David Kass]. "I don't know if that's an indication of having less confidence, but he's making a decision to put less capital at risk," Kass said. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |