A Word About Wind id2090
in News Departments > New & Noteworthy

Global investment banking firm Goldman Sachs Group Inc. has priced a public offering of 40.65 million common shares at $123 per share for total gross proceeds of approximately $5 billion. In addition, Goldman, Sachs & Co. has an over-allotment option of 6.1 million common shares.

Goldman Sachs says that this offering, combined with the recently announced $5 billion investment by Berkshire Hathaway Inc. in the form of perpetual preferred stock, brings total capital raised to $10 billion. In addition, Berkshire Hathaway Inc. will receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five-year term.

SOURCE: Goldman Sachs Group Inc.


Register here to receive our Latest Headlines email newsletter
Suggested for you
Mortenson id2096